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 521-15   EFFECT OF APPOINTMENT OF SPECIAL ADMINISTRATOR ON CORPORATIONS ACT ADMINISTRATOR  

521-15(1)    
This section deals with the situation in which:

(a)    an administrator of an Aboriginal and Torres Strait Islander corporation (the Corporations Act administrator ) is appointed under section 436A , 436B or 436C of the Corporations Act (as applied by section 521-1 of this Act); and

(b)    while that appointment continues, a special administrator for the corporation is appointed under Part 11-2 .

Note:

Section 496-10 deals with the effect of the special administrator ' s appointment on the Corporations Act administrator ' s powers.

521-15(2)    
The Court may order that the administration of the corporation under Part 5.3A of the Corporations Act (as applied by section 521-1 of this Act) is to end.

521-15(3)    
The order may be made on the application of:

(a)    the Registrar; or

(b)    the special administrator for the corporation; or

(c)    any other interested person.

521-15(4)    
The order may be made subject to conditions.

 

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