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 6   Directors

43   Court power to disqualify for repeated contraventions

(1) Section 279-25 of the new Act applies as if:

(a) the references in subparagraphs (1)(a)(i) and (ii) of that section to the new Act included references to the old Act; and

(b) the reference in paragraph (3)(a) of that section to an Aboriginal and Torres Strait Islander corporation included a reference to a corporation incorporated under Part IV of the old Act.

(2) Subitem (3) applies for the purposes of the extended application of section 279-25 of the new Act because of subitem (1).

(3) In working out who is an officer of a corporation incorporated under Part IV of the old Act, apply the definition of officer in section 683-1 of the new Act as if:

(a) references in that definition to an Aboriginal and Torres Strait Islander corporation were references to a corporation incorporated under Part IV of the old Act; and

(b) the transitional modifications were made to that definition.

Note: For transitional modifications , see subitem 1(2).