Commonwealth Consolidated Acts

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CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 496.1

General rule that offices of directors and secretary vacated when special administrator appointed

  (1)   Subject to section   496 - 5, the following offices become vacant on the appointment of a special administrator for an Aboriginal and Torres Strait Islander corporation:

  (a)   the office of each director of the corporation;

  (b)   the office of each secretary (if any) of the corporation.

  (2)   Subsection   (1) applies even if the special administrator is appointed to replace another special administrator for the corporation.

Note:   This subsection has the effect that if a special administrator is appointed and the Registrar determines, as part of that appointment, that the offices of the corporation's officers are not to be vacated, the subsequent appointment of a replacement special administrator will automatically vacate those offices unless a fresh determination is made under section   496 - 5 in relation to the new appointment.


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