Corporations (Aboriginal and Torres Strait Islander) Act 2006
The Registrar may determine, in writing, that an Aboriginal and Torres Strait Islander corporation is to be under special administration for the period specified in the determination.
487-1(2)
A determination under subsection (1) is not a legislative instrument.
487-1(3)
The Registrar: (a) must not make a determination under subsection (1) if:
(i) the corporation is being wound up; or
(b) may make a determination under subsection (1) even if the corporation is:
(ii) a liquidator of the corporation has been appointed; and
(i) being administered under Part 5.3A of the Corporations Act (as applied by section 521-1 of this Act); or
(ii) under restructuring under Part 5.3B of the Corporations Act (as applied by section 522-1 of this Act).
View history note
Hide history note487-1(4)
The Registrar may make a determination under subsection (1) only if the Registrar is satisfied that at least one of the grounds set out in section 487-5 is satisfied.
487-1(5)
The Registrar must make a determination under subsection (1) in accordance with section 487-10 .
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