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

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:

(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).

The following Parts of this Chapter also apply some other provisions of the Corporations Act to an Aboriginal and Torres Strait Islander corporation:

(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).

View history note

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.