Document ID: chunk:federal_register_of_legislation:C2004A03231:body:0:p79
Version: federal_register_of_legislation:C2004A03231
Segment Type: other
Provision Reference: 
Character Range: 197816–200400

571 of this Act as in force at any time before that commencement continues to have effect in relation to such an obligation.".

Officers and other persons in default
129. Section 572 of the Principal Act is amended by omitting from sub-section (2) "sub-section (1)" and substituting "this Act".

Regulations
130. Section 577 of the Principal Act is amended by inserting after sub-section (6) the following sub-section:
"(6a) The regulations may provide that, subject to any prescribed terms and conditions, the provisions of section 552, or specified provisions of that section—
     (a) do not have effect in relation to a specified person, or in relation to a person who is a member of a specified class of persons;
     (b) have effect in relation to a specified person, or in relation to a person who is a member of a specified class of persons, to such extent only as is prescribed;
     (c) do not have effect in relation to a specified transaction or class of transactions; or
     (d) do not have effect in relation to a specified transaction or class of transactions entered into by a specified person or class of persons.".

Operation of certain Ordinances
131. Section 581 of the Principal Act is amended—
     (a) by inserting after sub-section (2) the following sub-sections:
    "(2a) Notwithstanding sub-section 469 (1), Division 6 of Part XII does not apply to—
         (a) a society registered under the Co-operative Societies Ordinance 1939; or
         (b) a body corporate constituted under the Unit Titles Ordinance 1970.
    "(2b) An Ordinance may provide that, where an incorporated association is being wound up under Division 6 of Part XII of this Act, specified provisions of the Ordinance apply, and where an Ordinance so provides, that Division has effect subject to the specified provisions.

    "(2c) An Ordinance may provide that the provisions of Division 6 of Part XII of this Act shall, subject to the modifications and adaptations prescribed by the Ordinance, apply to and in relation to the winding up of an incorporated association, and where an Ordinance so provides, the provisions of that Division apply accordingly.
    "(2d) In sub-sections (2b) and (2c)—
         'incorporated association' means an association, society, institution or body incorporated under the Associations Incorporation Ordinance 1953;
         'modification' includes the addition or omission of a provision and the substitution of a provision for another provision."; and
     (b) by omitting "section 24" from sub-section (3) and substituting "sections 23 and 24".