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CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 522.3

Effect of appointment of special administrator--Aboriginal and Torres Strait Islander corporation under restructuring

                   If:

                     (a)  a restructuring practitioner for an Aboriginal and Torres Strait Islander corporation is appointed under Part 5.3B of the Corporations Act (as applied by section 522-1 of this Act); and

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

                     (c)  at the time the special administrator is appointed, the corporation has not made a restructuring plan;

the restructuring of the corporation under Part 5.3B of the Corporations Act (as applied by section 522-1 of this Act) ends on the day on which the special administrator is appointed.



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