Commonwealth Consolidated Acts

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CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 496.5

Registrar may determine that offices not vacated in certain circumstances

  (1)   The Registrar:

  (a)   may determine that the offices of the corporation's directors are not vacated on the appointment of a special administrator; and

  (b)   may determine that the office of the corporation's secretary is not vacated, or the offices of each of the corporation's secretaries are not vacated, on the appointment of the special administrator.

  (2)   A determination under subsection   (1) is not a legislative instrument.

  (3)   The Registrar may make a determination under subsection   (1) only if the Registrar is satisfied that making the determination is in the best interests of the corporation.

  (4)   A determination under subsection   (1) must be included in the special administrator's appointment.


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