Corporations (Aboriginal and Torres Strait Islander) Act 2006

CHAPTER 11 - EXTERNAL ADMINISTRATION  

PART 11-6 - INSOLVENT TRADING AND CREDITOR-DEFEATING DISPOSITIONS  

Division 531 - Insolvent trading and creditor-defeating dispositions  

SECTION 531-5   SECTIONS 588G, 588GAB AND 588GAC OF CORPORATIONS ACT PREVAIL OVER CONFLICTING NATIVE TITLE LEGISLATION OBLIGATIONS  

531-5(1)    


In the event of a conflict between:

(a)    the duty of a director of an Aboriginal and Torres Strait Islander corporation to ensure that the corporation comply with its Native Title legislation obligations; and

(b)    the director ' s duty in relation to the corporation under section 588G , 588GAB or 588GAC of the Corporations Act as applied by section 531-1 of this Act;

the director ' s duty under section 588G , 588GAB or 588GAC of the Corporations Act as so applied prevails, and the director is released from the first-mentioned duty, to the extent of the conflict.


531-5(2)    


The corporation is released from the duty to comply with its Native Title legislation obligations to the extent that complying with them would place a director of the corporation in breach of his or her duty in relation to the corporation under section 588G , 588GAB or 588GAC of the Corporations Act as so applied.

 

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.