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CORPORATIONS ACT 2001 - SECT 417 Application of Part

CORPORATIONS ACT 2001 - SECT 417

Application of Part

  (1)   Except so far as the contrary intention appears in this Part or Part   11.2, this Part applies in relation to a receiver of property of a corporation who is appointed after 1   January 1991, even if the appointment arose out of a transaction entered into, or an act or thing done, before 1   January 1991.

  (2)   To avoid doubt, this Part does not apply, of its own force, to the property of a corporation that is an Aboriginal and Torres Strait Islander corporation.

Note 1:   The definition of property in section   416 does not define that term in relation to a corporation that is an Aboriginal and Torres Strait Islander corporation.

Note 2:   Section   516 - 1 of the Corporations (Aboriginal and Torres Strait Islander) Act 2006 applies this Part to a corporation that is an Aboriginal and Torres Strait Islander corporation with the modifications provided for in that section.

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