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CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 493.1

Notice of special administration determination or appointment of special administrator

  (1)   This section applies if the Registrar makes any of the following decisions:

  (a)   a determination under section   487 - 1 that an Aboriginal and Torres Strait Islander corporation is to be under special administration;

  (b)   an appointment under section   490 - 1 of a special administrator for an Aboriginal and Torres Strait Islander corporation;

  (c)   an extension under section   487 - 15 of the period for which an Aboriginal and Torres Strait Islander corporation is to be under special administration;

  (d)   an extension under section   490 - 5 of the period for which a special administrator for an Aboriginal and Torres Strait Islander corporation is appointed;

  (e)   a determination under section   487 - 20 that an Aboriginal and Torres Strait Islander corporation is to cease to be under special administration.

  (2)   The Registrar must, as soon as practicable, give notice of the decision to:

  (a)   the corporation; and

  (b)   any receiver, or receiver and manager, of property of the corporation of whom the Registrar is aware.

  (3)   A notice under subsection   (2) is not a legislative instrument.

  (4)   The Registrar must, as soon as practicable, publish a notice of the decision:

  (a)   in the Gazette ; and

  (b)   either:

  (i)   in a national newspaper; or

  (ii)   for each State or Territory in which the corporation has its registered office (if any) or carries on business or other operations--in a daily newspaper that circulates generally in that State or Territory.

  (5)   The notice under subsection   (2) or (4) must specify:

  (a)   the period for which the corporation is to be under special administration; or

  (b)   the period for which the special administrator is appointed; or

  (c)   the period for which the special administration is extended; or

  (d)   the period for which the appointment of the special administrator is extended; or

  (e)   the date on which the corporation is to cease to be under special administration.


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