This Chapter deals with the various ways in which the management of some or all of the affairs of an Aboriginal and Torres Strait Islander corporation may be assumed by someone other than the directors of the corporation.

There are basically 5 ways in which this can happen:

  (a)   The Registrar may appoint a special administrator for the corporation under Part   11 - 2.

  (b)   A receiver, or another controller, of the corporation's property may be appointed under the provisions of Part   5.2 of the Corporations Act (as applied by Part   11 - 3 of this Act).

  (c)   An administrator for the corporation may be appointed under Part   5.3A of the Corporations Act (as applied by Part   11 - 4 of this Act).

  (ca)   A restructuring practitioner for the corporation may be appointed under Part   5.3B of the Corporations Act (as applied by Part   11 - 4A of this Act).

  (d)   The corporation may be wound up on the grounds set out in Part   11 - 5 of this Act (with the winding up being carried out under Chapter   5 of the Corporations Act as applied by Part   11 - 5 of this Act).

  (a)   Part   11 - 6 applies Divisions   3, 4, 5 and 6 of Part   5.7B of the Corporations Act (which deal with insolvent trading and creditor - defeating dispositions);

  (b)   Part   11 - 7 applies Part   5.8A of the Corporations Act (which deals with employee entitlements).