Corporations (Aboriginal and Torres Strait Islander) Act 2006
The Corporations Act receiver provisions apply to an Aboriginal and Torres Strait Islander corporation as if the following substitutions were made:
| Substitutions to be made | ||
| Item | For a reference to … | substitute a reference to … |
| 1 | a corporation | an Aboriginal and Torres Strait Islander corporation |
| 2 | a company | an Aboriginal and Torres Strait Islander corporation |
| 3 | ASIC | the Registrar |
| 4 | a deed of company arrangement | a deed of corporation arrangement |
516-1(2)
The Corporations Act receiver provisions apply to an Aboriginal and Torres Strait Islander corporation: (a) only to the extent to which they are capable of applying to an Aboriginal and Torres Strait Islander corporation; and (b) with the modifications specified in the regulations.
516-1(2A)
Regulations made for the purposes of paragraph (2)(b) must not: (a) increase, or have the effect of increasing, the maximum penalty for any offence; or (b) widen, or have the effect of widening, the scope of any offence.
516-1(3)
In this Act:
Corporations Act receiver provisions
means:
(a) Part 5.2 of the Corporations Act; and
(b) the other provisions of that Act (including Parts 1.2 , 5.8 , 5.9 and 9.4 and Schedule 3 but not including Parts 1.1 , 1.1A and 9.4A ) to the extent to which they relate to the operation of Part 5.2 of that Act; and
(c) the regulations made under that Act for the purposes of Part 5.2 of that Act and the provisions referred to in paragraph (b).
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