(1) The winding up of
an incorporated association (other than by a voluntary winding up) by the
Supreme Court is declared to be an applied Corporations legislation matter in
relation to the Corporations Act Part 5.7, subject to the following
modifications —
(a) the
modifications to the text of that Act set out in Schedule 3; and
(b) the
provisions of Part 5.7 of that Act are to be read as if they extended to the
winding up of the affairs of an incorporated association in the State; and
(c) such
other modifications (within the meaning of the Corporations (Ancillary
Provisions) Act 2001 Part 3) as may be prescribed by the regulations.
(2) Any matter
declared under this section to be an applied Corporations legislation matter
is, in addition, an applied Corporations legislation matter in relation to the
Corporations Act Part 5.9 Division 3, subject to the following modifications
—
(a) the
modifications to the text of that Act set out in Schedule 3;
(b) such
other modifications (within the meaning of the Corporations (Ancillary
Provisions) Act 2001 Part 3) as may be prescribed by the regulations.