Corporations (Aboriginal and Torres Strait Islander) Act 2006
CHAPTER 11
-
EXTERNAL ADMINISTRATION
PART 11-4A
-
RESTRUCTURING OF AN ABORIGINAL AND TORRES STRAIT ISLANDER CORPORATION
Division 522
-
Restructuring of an Aboriginal and Torres Strait Islander corporation
SECTION 522-3
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;
View history note
Hide history noteIf: (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.