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CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 531.5

Sections 588G, 588GAB and 588GAC of Corporations Act prevail over conflicting Native Title legislation obligations

  (1)   In the event of a conflict between:

  (a)   the duty of a director of an Aboriginal and Torres Strait Islander corporation to ensure that the corporation comply with its Native Title legislation obligations; and

  (b)   the director's duty in relation to the corporation under section   588G, 588GAB or 588GAC of the Corporations Act as applied by section   531 - 1 of this Act;

the director's duty under section   588G, 588GAB or 588GAC of the Corporations Act as so applied prevails, and the director is released from the first - mentioned duty, to the extent of the conflict.

  (2)   The corporation is released from the duty to comply with its Native Title legislation obligations to the extent that complying with them would place a director of the corporation in breach of his or her duty in relation to the corporation under section   588G, 588GAB or 588GAC of the Corporations Act as so applied.

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