CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 42.3 Effect of registration of existing body corporate under Part 2 - 3

CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 42.3

    If a body corporate is registered under Part   2 - 3 as an Aboriginal and Torres Strait Islander corporation as a result of an application made under section   22 - 1, registration under Part   2 - 3 does not:

  (a)   create a new legal entity; or

  (b)   affect the body's existing property, rights or obligations (except as against the members of the body in their capacity as members); or

  (c)   render defective any legal proceedings by or against the body or its members.

Note:   The Aboriginal and Torres Strait Islander corporation remains in existence until it is deregistered (see Chapter   12).