New South Wales Consolidated Regulations

CO-OPERATIVES NATIONAL REGULATIONS - REG 8.3

8.3 Savings or transitional matters (section 613)

(1) The Registrar may direct that the contents of an annual return under section 293 of the Law for a specified financial year are to be the same, or substantially the same, as those that would have been required under the former legislation of this jurisdiction relating to co-operatives (instead of the contents that would otherwise have been required under subsection (3) of that section).

(2) The Registrar may direct that the time for lodgment of an annual return under section 293 of the Law for a specified financial year is to be a specified period longer than 5 months after the end of the financial year (instead of the period of 5 months referred to in subsection (4) of that section).

(3) A direction may be given under subregulation (2) in relation to an annual return whether or not a direction under subregulation (1) also given in relation to the annual return.

(4) Section 293 of the Law applies in relation to an annual return as if it were modified consistently with an applicable direction under this regulation.

(5) A direction under this regulation is given in relation to:

(a) an individual co-operative--by an order in writing; or

(b) a class of co-operatives--by a Gazette notice.

(6) A direction under this regulation may be given unconditionally or subject to conditions.