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CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) REGULATIONS 2017 (F2017L01311) - SCHEDULE 4

Modification of applied Corporations Act provisions

Note:       See paragraph 49(b) and sections 50, 51 and 53.

   

 

1   Modification of Corporations Act special administration provisions

                   The following table sets out modifications of Corporations Act special administration provisions.

 

Corporations Act special administration provisions

Item

Provision

Modification of provision

1

Section 9

 

Insert:

CATSI Act means the Corporations (Aboriginal and Torres Strait Islander) Act 2006.

CATSI Regulations means any regulations made under the CATSI Act.

2

Subsections 440J(2) and (3)

Omit "section 1323" (wherever occurring), substitute "section 576-20 of the CATSI Act".               

3

Paragraph 440J(2)(c)

 

Omit "this Act", substitute "the CATSI Act, the CATSI Regulations and any provision of this Act applied by a provision of the CATSI Act".

4

Subsection 442F(1)

 

Omit "Sections 128 and 129", substitute "Sections 104-1 and 104-5 of the CATSI Act".

5

Paragraph 442F(1)(b)

 

Omit "section 129", substitute "section 104-5 of the CATSI Act".

6

Subsection 442F(2)

 

Omit "sections 128 and 129" (wherever occurring), substitute "sections 104-1 and 104-5 of the CATSI Act".

7

Section 443D

 

Repeal the section, substitute:

443D Right of indemnity

The administrator of a company under administration is entitled to be indemnified out of the company's property for:

(a) debts for which the administrator is liable under Subdivision A or a remittance provision as defined in subsection 443BA(2); or

(b) any other debts or liabilities incurred, or damages or losses sustained, in good faith and without negligence, by the administrator in the performance or exercise, or purported performance or exercise, of any of his or her functions or powers as administrator.

 

2   Modification of Corporations Act receiver provisions

                   The following table sets out modifications of Corporations Act receiver provisions.

 

Corporations Act receiver provisions

Item

Provision

Modification of provision

1

Section 9

 

Insert:

CATSI Act means the Corporations (Aboriginal and Torres Strait Islander) Act 2006.

CATSI Regulations means any regulations made under the CATSI Act.

2

Subparagraph 423(1)(a)(iv)

 

Omit "this Act, the regulations or the rules", substitute "the CATSI Act, the CATSI Regulations and any provision of this Act applied by a provision of the CATSI Act or the rules".

3

After paragraph 425(5)(b)

Insert:

(ba) a special administrator;

 

3   Modification of Corporations Act administration provisions

                   The following table sets out modifications of Corporations Act administration provisions.

 

Corporations Act administration provisions

Item

Provision

Modification of provision

1

Section 9

 

Insert:

CATSI Act means the Corporations (Aboriginal and Torres Strait Islander) Act 2006.

CATSI Regulations means any regulations made under the CATSI Act.

2

Subsection 437E(3)

Omit "section 1318", substitute "section 576-1 of the CATSI Act".

3

Subsections 440J(2) and (3)

Omit "section 1323" (wherever occurring), substitute "section 576-20 of the CATSI Act".

4

Paragraph 440J(2)(c)

Omit "this Act", substitute "the CATSI Act, the CATSI Regulations and any provision of this Act applied by a provision of the CATSI Act".

5

Paragraph 446A(2)(a)

Omit "section 491", substitute "section 526-20 of the CATSI Act".

6

Subsection 446B(1)

Omit "section 491", substitute "section 526-20 of the CATSI Act".

 

4   Modification of Corporations Act winding up provisions

                   The following table sets out modifications of Corporations Act winding up provisions.

 

Corporations Act winding up provisions

Item

Provision

Modification of provision

1

Section 9

Insert:

CATSI Act means the Corporations (Aboriginal and Torres Strait Islander) Act 2006 .

CATSI Regulations means any regulations made under the CATSI Act.

2

Section 9 (definition of registered liquidator )

Repeal the definition, substitute:

registered liquidator , for the Corporations Act winding up provisions, means a person who is approved in writing as a liquidator by the Registrar of Aboriginal and Torres Strait Islander Corporations.

3

Paragraphs 459C(1)(a) and (b)

Repeal the paragraphs, substitute:

(a) an application under section 166-10 or 526-15 of the CATSI Act; or

(b) an application for leave to make an application under section 526-15 of the CATSI Act.

4

Subsections 465A(1) and (2)

Omit "459P, 462 or 464", substitute "526-15 of the CATSI Act".

5

Subsection 465B(1)

Omit "459P, 462 or 464", substitute "526-15 of the CATSI Act".

6

Section 465C

Omit "459P, 462 or 464", substitute "526-15 of the CATSI Act".

7

Section 467A

Omit "or 5.4A"

8

Section 467B

Omit "section 233, 459A, 459B or 461", substitute "section 166-5 or 526-1 of the CATSI Act".

9

Subsection 486A(3)

Omit "section 1323", substitute "section 576-20 of the CATSI Act".

10

Section 513A

Omit "section 233, 459A, 459B or 461", substitute "section 166-5 or 526-1 of the CATSI Act".

11

Paragraph 513D(a)

Omit "section 233, 459A, 459B or 461", substitute "section 166-5 or 526-1 of the CATSI Act".

12

Subsection 532(1)

Omit "is a registered liquidator", substitute "approved in writing by the Registrar of Aboriginal and Torres Strait Islander Corporations as a liquidator of that company".

13

Paragraph 588E(4)(a)

Omit "subsection 286(1)", substitute "subsection 322-10(1) of the CATSI Act".

14

Paragraph 588E(4)(b)

Omit "subsection 286(2)", substitute "subsection 322-10(2) of the CATSI Act".

15

Subsection 588E(5)

Omit "subsection 286(1)", substitute "subsection 322-10(1) of the CATSI Act".

16

Subsection 588E(6)

Omit "subsection 286(2)", substitute "subsection 322-10(2) of the CATSI Act".

17

Subsection 588J(1)

Omit "section 1317G", substitute "section 386-10 of the CATSI Act".

18

Subsection 588J(1)

Omit "section 206C", substitute "section 279-15 of the CATSI Act".

19

Paragraph 588Z(b)

Omit "section 206A", substitute "section 279-1 of the CATSI Act".

20

Paragraph 589(1)(d)

Repeal the paragraph.

21

Subsection 589(2)

Repeal the subsection.

22

Paragraph 589(3)(a)

Omit "subsection 601AA(4) or 601AB(3)", substitute "subsection 546-1(4) or 546-5(3) of the CATSI Act".

23

Paragraph 589(3)(b)

Omit "subsection 601AA(4) or under subsection 601AB(3)", substitute "subsection 546-1(4) or 546-5(3) of the CATSI Act".

24

Paragraph 589(3)(b)

Omit "subsection 601AB(1)", substitute "subsection 546-5(1) of the CATSI Act".

25

Subsection 589(5) (paragraph (c) of the definition of appropriate officer )

Repeal the paragraph.

26

Subsection 589(5) (paragraph (e) of the definition of appropriate officer )

Omit "or the NCSC, as the case requires".

27

Subsection 589(5) (paragraph (c) of the definition of relevant day )

Repeal the paragraph.

28

Subsection 589(5) (paragraph (f) of the definition of relevant day )

Omit "subsection 601AA(4) or 601AB(3)", substitute "subsection 546-1(4) or 546-5(3) of the CATSI Act".

29

Subsection 589(6)

Repeal the subsection.

30

After subsection 590(1)

Insert:

(1A) Paragraphs 590(1)(c), (g) and (h) do not apply to conduct or representations before the commencement of the CATSI Act.

31

Sections 592 to 594

Repeal the sections.

 


Schedule 5 -- Repeals

   

Corporations (Aboriginal and Torres Strait Islander) Regulations 2007

1  The whole of the instrument

Repeal the instrument.


 



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