Queensland Consolidated Acts

COOPERATIVES ACT 1997 - SECT 256A

An issue of debentures to which section 257 applies is declared to be an applied Corporations legislation matter for the Corporations (Ancillary Provisions) Act 2001, part 3 in relation to the Corporations Act, sections 722 and 734, subject to the following changes—

(a) the provisions apply as if a cooperative were a company;

(b) a reference in the provisions to a disclosure document is to be read as a reference to a disclosure statement under section 257;

(c) a reference in the provisions to securities is to be read as a reference to debentures;

(d) a reference in the provisions to ASIC is to be read as a reference to the registrar;

(e) any other changes (within the meaning of the Corporations (Ancillary Provisions) Act 2001, part 3) that are prescribed under a regulation.

Note—

See note under section 11(1).