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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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