Corporations Amendment (Aboriginal and Torres Strait Islander Corporations) Act 2006 (126 of 2006)

Schedule 1   Amendments of the Corporations Act 2001 relating to Aboriginal and Torres Strait Islander corporations

Corporations Act 2001

11   Paragraph 206D(2)(a)

Repeal the paragraph, substitute:

(a) a Court orders the corporation to be wound up under:

(i) section 459B of this Act; or

(ii) section 526-1 of the Corporations (Aboriginal and Torres Strait Islander) Act 2006;

because the Court is satisfied that the corporation is insolvent; or