Clause 1515 Modifications to applied text of Corporations Act 2001 of the Commonwealth
The following modifications to the text of the Corporations Act 2001 of the Commonwealth apply for the purposes of sections 50 (2) and 51 (3) of the Act:(a) the reference in section 495 (4) of the Corporations Act 2001 of the Commonwealth to a contributory of a company is to be read and construed as a reference to a member of the incorporated association,(b) a reference to a company carrying on business or having a place of business is to be read and construed as a reference to the incorporated association pursuing its objects,(c) a reference to registration of a company is to be read and construed as a reference to the incorporation of the incorporated association,(d) a reference to the constitution of a company is to be read and construed as a reference to the rules of the incorporated association,(e) a reference to ASIC is to be read and construed as a reference to the Director-General,(f) a reference to the registered office of a corporation is to be read and construed as a reference to the address of the public officer of the incorporated association last notified to the Director-General under the Act,(g) a reference to a special resolution is to be read and construed as a reference to a special resolution within the meaning of the Act,(h) the provisions of Parts 5.5 and 5.7 have effect as if sections 507, 582 (3), 583 (c) (iii) and 601AB (1) (c) of the Corporations Act 2001 of the Commonwealth were omitted,(i) the provisions of section 501 of the Corporations Act 2001 of the Commonwealth is not to be construed as authorising the distribution of surplus property of the incorporated association to its members,(j) a person in respect of whom an approval is in force under clause 16, in addition to any person qualified to act as a liquidator under the Corporations Act 2001 of the Commonwealth may, despite any provision of that Act (except section 532 (2) (a), (2) (b), (7) and (9)), be appointed, and may act as, the liquidator of an incorporated association to which the approval relates.