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CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 540.10 Registrar makes transfer of registration declaration

CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 540.10

Registrar makes transfer of registration declaration

    The Registrar may make a transfer of registration declaration in relation to the Aboriginal and Torres Strait Islander corporation under this section if the Registrar is satisfied that:

  (a)   the application complies with section   540 - 5; and

  (b)   the corporation's creditors are not likely to be materially prejudiced by the transfer of the corporation's registration; and

  (c)   the law of the Commonwealth, the State or the Territory concerned adequately provides for:

  (i)   the continuation of the corporation's legal personality after the transfer; and

  (ii)   the preservation of any rights or claims against the corporation (other than the right of a member as a member) that accrued while the corporation was registered under this Act.