Corporations (Aboriginal and Torres Strait Islander) Act 2006
CHAPTER 11
-
EXTERNAL ADMINISTRATION
PART 11-1
-
INTRODUCTION
Division 482
-
Introduction
SECTION 482-1
WHAT THIS CHAPTER IS ABOUT
(a) The Registrar may appoint a special administrator for the corporation under Part
11-2
.
(b) A receiver, or another controller, of the corporation
'
s property may be appointed under the provisions of Part
5.2
of the Corporations Act (as applied by Part
11-3
of this Act).
(c) An administrator for the corporation may be appointed under Part
5.3A
of the Corporations Act (as applied by Part
11-4
of this Act).
(ca) A restructuring practitioner for the corporation may be appointed under Part
5.3B
of the Corporations Act (as applied by Part
11-4A
of this Act).
(d) The corporation may be wound up on the grounds set out in Part
11-5
of this Act (with the winding up being carried out under Chapter
5
of the Corporations Act as applied by Part
11-5
of this Act).
(a) Part
11-6
applies Divisions
3
,
4
,
5
and
6
of Part
5.7B
of the Corporations Act (which deal with insolvent trading and creditor-defeating dispositions);
(b) Part
11-7
applies Part
5.8A
of the Corporations Act (which deals with employee entitlements).
This Chapter deals with the various ways in which the management of some or all of the affairs of an Aboriginal and Torres Strait Islander corporation may be assumed by someone other than the directors of the corporation.
There are basically 5 ways in which this can happen:
The following Parts of this Chapter also apply some other provisions of the Corporations Act to an Aboriginal and Torres Strait Islander corporation:
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