Australian Capital Territory Numbered Regulations

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CO-OPERATIVE SOCIETIES REGULATIONS (AMENDMENT) (NO. 12 OF 1987) - REG 2

2. After regulation 2AB of the Co-operative Societies Regulations the following regulation is inserted:

“2ABA. (1) The provisions of regulations 2 to 11 (inclusive), 13, 28, 67 to 71 (inclusive), 77 to 106 (inclusive) and 108 to 145 (inclusive) of the Companies Regulations, and Forms 24, 30, 77, 83, 96 to 109 (inclusive) and 125 to 149 (inclusive) set out in Schedule 2 to the Companies Regulations, shall, subject to this regulation, apply in relation to a winding-up of a society.

“(2) In the application of the provisions of the Companies Regulations specified in subregulation (1) in relation to a winding-up of a society:

        (a)     a reference in any of those provisions, other than in the footnote to Form 96, to a company shall be read as a reference to the society;

        (b)     a reference in any of those provisions to a contributory shall be read as a reference to a contributory within the meaning of the Ordinance;

        (c)     a reference in any of those provisions to the Act shall be read as a reference to the provisions of the Companies Act applied by section 60 of the Ordinance and as modified by that section;

        (d)     a reference in any of those provisions to the National Companies and Securities Commission, or to the Commission, shall be read as a reference to the Registrar; and

        (e)     a reference in any of those provisions to the articles or regulations of the company shall be read as a reference to the Rules of the society.”.



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