Corporations (Aboriginal and Torres Strait Islander) Act 2006

CHAPTER 11 - EXTERNAL ADMINISTRATION  

PART 11-5 - WINDING UP  

Division 526 - Winding up  

SECTION 526-10   ACTS ETC. DONE TO COMPLY WITH NATIVE TITLE LEGISLATION REQUIREMENT  

526-10(1)  
Paragraph 526-5(e) or (f) does not apply to an officer of an Aboriginal and Torres Strait Islander corporation that is a registered native title body corporate merely because of doing (or refraining from doing) a particular act if the officer does (or refrains from doing) the act:

(a)  in good faith; and

(b)  with the belief that doing (or refraining from doing) the act is necessary to ensure that the corporation complies with a Native Title legislation obligation.

526-10(2)  
Paragraph 526-5(g) does not apply to an act or omission, or a proposed act or omission, by or on behalf of a corporation that is a registered native title body corporate, if the act or omission, or the proposed act or omission, was done:

(a)  in good faith; and

(b)  with the belief that the doing of the act or omission, or the proposed act or omission, is necessary to ensure that the corporation complies with a Native Title legislation obligation.

526-10(3)  
Paragraph 526-5(h) does not apply to a resolution, or a proposed resolution, of a class of members of a corporation that is a registered native title body corporate, if the resolution, or proposed resolution, was made:

(a)  in good faith; and

(b)  with the belief that the making of the resolution, or proposed resolution, is necessary to ensure that the corporation complies with a Native Title legislation obligation.




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