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CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 522.2

Corporations Act restructuring practitioner cannot be appointed if special administrator appointed

  (1)   A restructuring practitioner for an Aboriginal and Torres Strait Islander corporation cannot be appointed under Part   5.3B of the Corporations Act (as applied by section   522 - 1 of this Act) if:

  (a)   the corporation is under special administration under Part   11 - 2; or

  (b)   the Registrar:

  (i)   has given the corporation a notice under subsection   487 - 10(1); and

  (ii)   has not given the corporation a notice under subsection   487 - 10(5).

  (2)   Paragraph   (1)(b) does not apply if the Registrar has consented in writing to the appointment of the restructuring practitioner under Part   5.3B of the Corporations Act (as applied by section   522 - 1 of this Act).

  (3)   A consent under subsection   (2) to the appointment of a restructuring practitioner is not a legislative instrument.


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