Corporations (Aboriginal and Torres Strait Islander) Act 2006

CHAPTER 2 - ABORIGINAL AND TORRES STRAIT ISLANDER CORPORATIONS  

PART 2-5 - EFFECTS OF REGISTRATION  

Division 42 - 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.

Note:

The Aboriginal and Torres Strait Islander corporation remains in existence until it is deregistered (see Chapter 12 ).


 

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