Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999 (44 of 1999)
Schedule 7 Consequential amendment of Acts
Bankruptcy Act 1966
2 Subsection 125(3) (definition of co-operative society)
Repeal the definition, substitute:
co-operative society means:
(a) a society registered or incorporated as a co-operative housing society under a law of a State or Territory; or
(b) any other society whose principal business consists of borrowing moneys from its members and lending those moneys to its members and that is registered or incorporated under a law of a State or Territory relating to co-operative societies.
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