Corporations (Aboriginal and Torres Strait Islander) Consequential, Transitional and Other Measures Act 2006 (125 of 2006)

Schedule 3   Transitional provisions

Part 3   Matters pending under old Act immediately before commencement

Division 6   Administrations

90   Effect of appointment on receivers and administrators

(1) This item applies if:

(a) a transitional corporation is taken, under subitem 89(2), to be under special administration because the ACA Registrar had, before commencement, appointed a person as an Administrator for the transitional corporation under subsection 71(2) of the old Act; and

(b) the ACA Registrar had, before commencement, published notice of the appointment and the period of the appointment under section 72 of the old Act.

(2) Subsections 496-10(7) and 496-15(7) of the new Act do not apply in relation to the special administration of the transitional corporation.