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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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