Document ID: chunk:federal_register_of_legislation:F2023C00596:reg:10
Version: federal_register_of_legislation:F2023C00596
Segment Type: reg
Provision Reference: reg 10
Character Range: 7343–8514

10  Continuity of service—executive office
 (1) For the purposes of paragraph 12(11)(b) of the Act, an office in any of the following organisations is a prescribed office:
 (a) an organisation, other than an organisation of the kind specified in paragraph 12(11)(a) of the Act, the membership of which includes employees;
 (b) a council of organisations;
 (c) an authorised deposit‑taking institution (ADI), within the meaning of section 5 of the Banking Act 1959, that:
 (i) is permitted to use the expression building society, credit union or credit society, in relation to a financial business carried on by the ADI, under subsection 66(1) of the Banking Act 1959; and
 (ii) conducts its business by or on behalf of an organisation for the benefit of its members or all employees;
 (d) a cooperative society, or similar body, that:
 (i) is registered or incorporated by or under a law of a State or Territory; and
 (ii) conducts its business by or on behalf of an organisation for the benefit of its members or all employees.
 (2) In this instrument, except in paragraph (1)(a) of this section:
organisation has the same meaning as in paragraph 12(11)(a) of the Act.