Corporations (Aboriginal and Torres Strait Islander) Act 2006
CHAPTER 2
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ABORIGINAL AND TORRES STRAIT ISLANDER CORPORATIONS
PART 2-5
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EFFECTS OF REGISTRATION
Division 42
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Effects of registration
SECTION 42-3
EFFECT OF REGISTRATION OF EXISTING BODY CORPORATE UNDER PART 2-3
If a body corporate is registered under Part 2-3 as an Aboriginal and Torres Strait Islander corporation as a result of an application made under section 22-1 , registration under Part 2-3 does not: (a) create a new legal entity; or (b) affect the body ' s existing property, rights or obligations (except as against the members of the body in their capacity as members); or (c) render defective any legal proceedings by or against the body or its members.
If a body corporate is registered under Part 2-3 as an Aboriginal and Torres Strait Islander corporation as a result of an application made under section 22-1 , registration under Part 2-3 does not: (a) create a new legal entity; or (b) affect the body ' s existing property, rights or obligations (except as against the members of the body in their capacity as members); or (c) render defective any legal proceedings by or against the body or its members.
Note:
The Aboriginal and Torres Strait Islander corporation remains in existence until it is deregistered (see Chapter 12 ).
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