South Australian Consolidated Acts

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CO-OPERATIVES ACT 1997 - SECT 258A

258A—Application of certain other Corporations Act provisions

The issue of debentures to which section 259 applies 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 sections 722 and 734 of the Corporations Act, subject to the following modifications:

            (a)         a reference in those provisions to a disclosure statement is to be read as a reference to a disclosure statement under section 259; and

            (b)         a reference in those provisions to a disclosure statement that has been lodged is to be read as a reference to a disclosure statement that complies with section 259; and

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

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



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