Corporations (Aboriginal and Torres Strait Islander) Act 2006

CHAPTER 11 - EXTERNAL ADMINISTRATION  

PART 11-2 - SPECIAL ADMINISTRATION  

Division 487 - Special administration of Aboriginal and Torres Strait Islander corporation  

SECTION 487-25  

487-25   REFERENCES TO CORPORATION UNDER SPECIAL ADMINISTRATION  
If the Registrar determines under subsection 487-1(1) in relation to an Aboriginal and Torres Strait Islander corporation, the corporation:

(a)    starts being under special administration when the period specified in the determination under subsection 487-1(1) starts; and

(b)    ceases being under special administration :

(i) when the period specified in the determination under subsection 487-1(1) , or that period as extended under section 487-15 , ends; or

(ii) if, before the end of the period referred to in subparagraph (i), a liquidator for the corporation is appointed, or the winding up of the corporation starts, as a result of an application made by the Registrar or the special administrator - when the liquidator is appointed or the winding up starts; or

(iii) if, before the end of the period referred to in subparagraph (i), the Registrar makes a determination under section 487-20 - on the date specified in the determination under section 487-20 .