(1)  The Director of Consumer Affairs and Fair Trading is designated as the Registrar of Co-operatives and may exercise the functions of the Registrar of Co-operatives expressed to be conferred or imposed on the Registrar by or under the local application provisions of this Act, the local regulations, the Co-operatives National Law (Tasmania) or the Co-operatives National Regulations (Tasmania) .

(2)  For that purpose, a reference in the local application provisions of this Act, the local regulations, the Co-operatives National Law (Tasmania) or the Co-operatives National Regulations (Tasmania) to the Registrar is to be read as a reference to the Director of Consumer Affairs and Fair Trading, but those functions are to be exercised under the title of the Registrar of Co-operatives.