Corporations (Aboriginal and Torres Strait Islander) Act 2006
The special administrator for an Aboriginal and Torres Strait Islander corporation may conduct an election to elect directors to assume control of the corporation ' s affairs immediately after the corporation ceases to be under special administration.
508-5(2)
Without limiting subsection (1) , the election may be conducted: (a) at a general meeting of the members of the corporation; or (b) by postal ballot.
508-5(3)
A person may be elected as a director under this section if the person gives the corporation a signed consent to act as a director of the corporation before being elected.
508-5(4)
The persons elected: (a) become the directors of the corporation immediately after the corporation ceases to be under special administration; and (b) continue to hold office until the end of the next AGM of the corporation unless removed from office before then.
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