Commonwealth Consolidated Acts

CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 521.15

             (1)  This section deals with the situation in which:

                     (a)  an administrator of an Aboriginal and Torres Strait Islander corporation (the Corporations Act administrator ) is appointed under section 436A, 436B or 436C of the Corporations Act (as applied by section 521-1 of this Act); and

                     (b)  while that appointment continues, a special administrator for the corporation is appointed under Part 11-2.

Note:          Section 496-10 deals with the effect of the special administrator's appointment on the Corporations Act administrator's powers.

             (2)  The Court may order that the administration of the corporation under Part 5.3A of the Corporations Act (as applied by section 521-1 of this Act) is to end.

             (3)  The order may be made on the application of:

                     (a)  the Registrar; or

                     (b)  the special administrator for the corporation; or

                     (c)  any other interested person.

             (4)  The order may be made subject to conditions.