Section 6 of the Principal Act is amended -

(a) in subsection (1), by the substitution of "Subject to subsection (6), a society may be registered" for "A society may be registered",

(b) in subsection (2) -

(i) by the substitution of the following paragraph for paragraph (a):

"(a) the promotion of the accumulation of savings by its members;",

(ii) in paragraph (d), by the substitution of by the substitution of "the use of money" for "the wise use of money",

(iii) by the deletion of paragraph (e), and

(iv) in paragraph (f), by the substitution of "of the well-being of the members' community; and" for "of the well-being and spirit of the members' community; and",

and

(c) by the insertion of the following subsections after subsection (5):

"(6) A society may be registered under this Act as a credit union where all of the members of the society are credit unions and the Bank is satisfied that each of the following conditions is fulfilled: