Corporations (Aboriginal and Torres Strait Islander) Consequential, Transitional and Other Measures Act 2006 (125 of 2006)
Schedule 3 Transitional provisions
Part 2 Bringing transitional corporations across to new system
Division 15 Winding up
72 Grounds for Court ordered winding up
Section 526-5 of the new Act applies in relation to a transitional corporation as if:
(a) the reference in paragraph (b) of that section to the corporation's registration were a reference to its incorporation under Part IV of the old Act; and
(b) the reference in paragraph (j) of that section to section 439-20 of the new Act included a reference to section 60A of the old Act; and
(c) the reference in paragraph (k) of that section to Part 7-3 of the new Act included a reference to:
(i) subsections 59(2) to (9) of the old Act; and
(ii) Division 10 or 11 of this Part.
Note: The operation of section 526-5 of the new Act is also extended by item 6 so that the grounds in that section extend to circumstances existing before commencement.