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CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 37.5

Registrar may alter registered size of corporation after registration

  (1)   If the Registrar is satisfied that an Aboriginal and Torres Strait Islander corporation that is registered as a small corporation was in fact a medium or large corporation for the most recent financial year, the Registrar may alter the corporation's registration so that the corporation is registered as a medium or large corporation.

  (2)   If the Registrar is satisfied that an Aboriginal and Torres Strait Islander corporation that is registered as a medium corporation was in fact a small or large corporation for the most recent financial year, the Registrar may alter the corporation's registration so that the corporation is registered as a small or large corporation.

  (3)   If the Registrar is satisfied that an Aboriginal and Torres Strait Islander corporation that is registered as a large corporation was in fact a small or medium corporation for the most recent financial year, the Registrar may alter the corporation's registration so that the corporation is registered as a small or medium corporation.

  (4)   An alteration to an Aboriginal and Torres Strait Islander corporation's registration made under subsection   (1), (2) or (3) is not a legislative instrument.

  (5)   The Registrar must notify an Aboriginal and Torres Strait Islander corporation in writing of an alteration made under this section.


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