Western Australian Numbered Acts

CO-OPERATIVES ACT 2009 (NO. 24 OF 2009) - SCHEDULE 6

[s. 387]

1 .         Modifications to winding-up provisions

                The Corporations Act Parts 5.4B and 5.6 apply with the following modifications —

            (a)         a reference in those Parts to ASIC is to be read as a reference to the Registrar;

            (b)         a reference in those Parts to an application to wind-up a company under section 464 or Part 5.4A is to be read as a reference to an application by the Registrar under Part 14 Division 4;

            (c)         a reference in those Parts to a winding-up ordered by the Court under a provision of Part 5.4A is a reference to a winding-up ordered by the Court under Part 1 Division 4;

            (d)         a reference in those Parts to an order under a provision of Part 5.4A is a reference to an order under section 386;

            (e)         for the purposes of an application by the Registrar to wind-up a foreign co-operative, those Parts apply, with such modifications as the circumstances require, as if a winding-up application had been made by the co-operative;

            (f)         those Parts apply as if a ground specified in section 386 were a ground for winding-up by the Court specified in the Corporations Act section 461;

            (g)         a reference in those Parts to an official liquidator is to be read as a reference to a person approved by the Registrar as a liquidator of a co-operative;

            (h)         sections 467(4) and (5), 480(d), 481(5)(b), 513B, 517, 518, 523 and 524 do not apply;

                  (i)         a reference in section 485(2) to persons entitled to any surplus is a reference to a person entitled to the surplus under section 388 of this Act;

            (j)         section 516 is to be read as if “together with any charges payable by the member to the co-operative in accordance with the rules” were inserted after “past member”;

            (k)         Part 5.6 Division 6 Subdivision C does not apply;

            (l)         a reference in those Parts to section 233 is to be read as a reference to Part 4 Division 5 of this Act;

            (m)         those Parts are to be read subject to sections 76 and 331 of this Act for the purposes of determining the liability of members and past members to contribute on a winding-up of a co-operative;

            (n)         any other modifications, within the meaning of Part 3 of the Corporations (Ancillary Provisions) Act 2001 , that are prescribed by the regulations.

Defined Terms

[This is a list of terms defined and the provisions where they are defined. The list is not part of the law.]

Defined Term         Provision(s)
active member         4(1)
active membership provision         4(1)
active membership resolution         110
administrator         Sch. 4, cl. 1
affairs         426
agreement         4(1)
alter         4(1)
applied provisions         11(1)
appointed person         153(1)
appropriate person         339(1)
appropriate Registrar         389
assets         335(1), 396(1)
associate         4(1), 217(1)
authorisation notice         365
authorised attorney         49(1)
board         4(1)
CCU         257(1)
chargee         Sch. 3, cl. 9, 32
chief executive officer         4(1)
chief executive officer (DOCEP)         398
company         8
compulsory acquisition notice         355(1)
constitution         4(1)
control         224
control day         Sch. 4, cl. 1
controller         Sch. 4, cl. 1, 5(3)
controller’s charge         Sch. 4, cl. 9(1)
co-operative         4(1), 352(1), Sch. 3, cl. 1, Sch. 4, cl. 1
co-operative capital unit         4(1)
co-operative company         492
co-operative group         4(1)
co-operative venture         398
co-operatives law         365
corporation         4(1)
Corporations Act         4(1)
Corporations legislation         8
costs         426
critical day         Sch. 3, cl. 26
daily newspaper         Sch. 4, cl. 1
debenture         4(1)
declaratory provision         11(1)
deed of arrangement         4(1)
defective notice         Sch. 3, cl. 21(1)
deferral period         123(1)
department         452(1)
departmental officer         452(1)
deposit taking co-operative         4(1)
designation         452(1)
dissenting shareholder         353
distributing co-operative         4(1)
divulge         476(1)
document of title         Sch. 3, cl. 1
earlier charge         Sch. 3, cl. 30(1)
eligible member         4(1)
employed         452(1)
entity         224
excluded Corporations legislation provision         8
excluded shares         353
expenses of the postal ballot         189(1)
financial records         4(1)
financial report         4(1)
financial services business         4(1)
financial services licensee         4(1)
financial statements         4(1)
foreign co-operative         4(1)
former Act         492
further offence period         478(3)
incapable person         153(1)
independent director         201(1)
inspector         4(1)
instrument         335(1), 396(1)
interest         74
investigator         426
involved person         426
later charge         Sch. 3, cl. 30(1)
liabilities         335(1), 352(1), 396(1)
limited dividend         271(1)
main office         405(2)
malice         5(2)
management contract         219(1)
managing controller         Sch. 4, cl. 1
marketable security         Sch. 3, cl. 1
material interest         217(2)
member         79(4), 309(2)
member director         199(1), 201(1)
model rules         4(1)
mortgage         4(1)
national newspaper         Sch. 4, cl. 1
new body         307, 332(2), 333(2), 334(2)
new co-operative         133(1)
non-distributing co-operative         4(1)
non-participating co-operative         365
obstruct         423(1)
officer         4(1), 207, Sch. 3, cl. 32, Sch. 4, cl. 1, 3(2)
oppressed member         85
original body         332(2), 333(2), 334(2)
original co-operative         133(1), 396(1)
participating co-operative         365
participating registrar         365
participating State         365
place         398
present liability         Sch. 3, cl. 1
primary activity         4(1)
primary conviction         478(2)
prior charge         Sch. 4, cl. 9(1)
prior registered charge         Sch. 3, cl. 45(1)
priority time         Sch. 3, cl. 45(1), (3)
property         352(1), Sch. 3, cl. 1, Sch. 4, cl. 1
proposed company         293(1)
prospective liability         Sch. 3, cl. 1
public service officer         452(1)
receiver         Sch. 3, cl. 32, Sch. 4, cl. 1
records         4(1)
Register of Co-operative Charges         Sch. 3, cl. 1
registered charge         Sch. 3, cl. 45(1)
registered society         492
registrable charge         Sch. 3, cl. 1
Registrar         4(1)
related corporation         4(1)
relevant date         Sch. 4, cl. 24(1)
relevant day         332(2), 333(2), 334(2), Sch. 3, cl. 26
relevant documents         398
relevant interest         4(1)
relevant person         Sch. 3, cl. 32
relevant shares         151(1)
repayable amount         73(1), 127(1)
repealed Act         476(1)
reporting officer         Sch. 4, cl. 20(1)

required period         120(1)
rules         4(1)
seal         4(1)
secondary office         405(3)
share         4(1)
show cause notice         377(1)
specified         494(4)
State         365
State co-operative         389
State Registrar         389
subordinated debt         249(1)
subsequent registered charge         Sch. 3, cl. 45(1)
subsidiary         4(1)
substantial change         276(5)
substantial share interest         276(4)
successor co-operative         396(1)
surplus         4(1)
surplus property         319(1)
third party property         Sch. 4, cl. 6(1)
transfer         74, 307
transfer day         4(1)
transferee         352(2), 354(1), 500(1)
transferor         352(2), 354(1), 500(1)
transferred co-operative         4(1)
transition day         396(2)
transition period         492
undertaking         273(1)
unregistered charge         Sch. 3, cl. 45(1)
warrant form         413(5)