South Australian Current Acts

ASSOCIATIONS INCORPORATION ACT 1985 - SECT 40A

40A—Power to compromise with creditors

An incorporated association is declared to be an applied Corporations legislation matter for the purposes of Part 3 of the Corporations (Ancillary Provisions) Act 2001 in relation to Part 5.1 of the Corporations Act 2001 of the Commonwealth, subject to the following modifications:

            (a)         the modifications necessary to give effect to this section and the succeeding provisions of this Part; and

            (b)         such other modifications (within the meaning of Part 3 of Corporations (Ancillary Provisions) Act 2001 ) as may be prescribed by the regulations.