(1) The Registrar may determine, in writing, that an Aboriginal and Torres Strait Islander corporation is to be under special administration for the period specified in the determination.
(2) A determination under subsection (1) is not a legislative instrument.
(a) must not make a determination under subsection (1) if:
(i) the corporation is being wound up; or
(ii) a liquidator of the corporation has been appointed; and
(b) may make a determination under subsection (1) even if the corporation is:
(i) being administered under Part 5.3A of the Corporations Act (as applied by section 521 - 1 of this Act); or
(ii) under restructuring under Part 5.3B of the Corporations Act (as applied by section 522 - 1 of this Act).
(4) The Registrar may make a determination under subsection (1) only if the Registrar is satisfied that at least one of the grounds set out in section 487 - 5 is satisfied.
(5) The Registrar must make a determination under subsection
(1) in accordance with section 487 - 10.