Section 2(1) of the Principal Act is amended by inserting after the definition of model rules the following definition:

prescribed body corporate means –

(a) a company within the meaning of the Corporations Act that is taken to be registered in Tasmania; or

(b) a cooperative under the Cooperatives Act 1999 ; or

(c) any body corporate that is registered, incorporated or otherwise established under a law applying in Tasmania or in any place outside Tasmania and that is prescribed for the purposes of this definition;