Corporations (Aboriginal and Torres Strait Islander) Act 2006
CHAPTER 11
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EXTERNAL ADMINISTRATION
PART 11-2
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SPECIAL ADMINISTRATION
Division 496
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Effect of appointment of special administrator on officers of the corporation
SECTION 496-5
REGISTRAR MAY DETERMINE THAT OFFICES NOT VACATED IN CERTAIN CIRCUMSTANCES
496-5(1)
The Registrar: (a) may determine that the offices of the corporation ' s directors are not vacated on the appointment of a special administrator; and (b) may determine that the office of the corporation ' s secretary is not vacated, or the offices of each of the corporation ' s secretaries are not vacated, on the appointment of the special administrator.
496-5(2)
A determination under subsection (1) is not a legislative instrument.
496-5(3)
The Registrar may make a determination under subsection (1) only if the Registrar is satisfied that making the determination is in the best interests of the corporation.
496-5(4)
A determination under subsection (1) must be included in the special administrator ' s appointment.
The Registrar: (a) may determine that the offices of the corporation ' s directors are not vacated on the appointment of a special administrator; and (b) may determine that the office of the corporation ' s secretary is not vacated, or the offices of each of the corporation ' s secretaries are not vacated, on the appointment of the special administrator.
496-5(2)
A determination under subsection (1) is not a legislative instrument.
496-5(3)
The Registrar may make a determination under subsection (1) only if the Registrar is satisfied that making the determination is in the best interests of the corporation.
496-5(4)
A determination under subsection (1) must be included in the special administrator ' s appointment.
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