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 14 Special administration
71 Grounds for special administration
Section 487-5 of the new Act applies in relation to a transitional corporation as if:
(a) the reference in subparagraph (1)(b)(i) of that section to the new Act included a reference to this Schedule; and
(b) the reference in subparagraph (1)(b)(ii) of that section to an internal governance rule of the corporation included a reference to the corporation's Rules; and
(c) the reference in subparagraph (1)(b)(iii) of that section to section 439-20 of the new Act included a reference to section 60A of the old Act; and
(d) the reference in paragraph (1)(c) 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 487-5 of the new Act is also extended by item 6. That item, for example, treats the reference in paragraph 487-5(1)(b) of the new Act to a failure to comply with a provision of the new Act as including a reference to a failure to comply with a provision of old Act (see item 6 and paragraph (2)(f) of item 1).
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