Corporations (Aboriginal and Torres Strait Islander) Act 2006

CHAPTER 11 - EXTERNAL ADMINISTRATION  

PART 11-4 - ADMINISTRATION OF AN ABORIGINAL AND TORRES STRAIT ISLANDER CORPORATION ' S AFFAIRS WITH A VIEW TO EXECUTING A DEED OF CORPORATION ARRANGEMENT  

Division 521 - Administration of an Aboriginal and Torres Strait Islander corporation ' s affairs with a view to executing a deed of corporation arrangement  

SECTION 521-10   CORPORATIONS ACT ADMINISTRATOR CANNOT BE APPOINTED IF SPECIAL ADMINISTRATOR APPOINTED  

521-10(1)    
An administrator of an Aboriginal and Torres Strait Islander corporation cannot be appointed under section 436A , 436B or 436C of the Corporations Act (as applied by section 521-1 ) if:

(a)    the corporation is under special administration under Part 11-2 ; or

(b)    the Registrar:


(i) has given the corporation a notice under subsection 487-10(1) ; and

(ii) has not given the corporation a notice under subsection 487-10(5) .

521-10(2)    
Paragraph (1)(b) does not apply if the Registrar has consented in writing to the appointment of the administrator under that section of the Corporations Act (as applied by section 521-1 of this Act).

521-10(3)    
A consent under subsection (2) to the appointment of an administrator is not a legislative instrument.

 

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