CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 (NO. 124, 2006) - SECT 493.1 Notice of special administration determination or appointment of special administrator

CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 (NO. 124, 2006) - SECT 493.1

             (1)  This section applies if the Registrar makes any of the following decisions:

                     (a)  a determination under section 487‑1 that an Aboriginal and Torres Strait Islander corporation is to be under special administration;

                     (b)  an appointment under section 490‑1 of a special administrator for an Aboriginal and Torres Strait Islander corporation;

                     (c)  an extension under section 487‑15 of the period for which an Aboriginal and Torres Strait Islander corporation is to be under special administration;

                     (d)  an extension under section 490‑5 of the period for which a special administrator for an Aboriginal and Torres Strait Islander corporation is appointed;

                     (e)  a determination under section 487‑20 that an Aboriginal and Torres Strait Islander corporation is to cease to be under special administration.

             (2)  The Registrar must, as soon as practicable, give notice of the decision to:

                     (a)  the corporation; and

                     (b)  any receiver, or receiver and manager, of property of the corporation of whom the Registrar is aware.

             (3)  A notice under subsection (2) is not a legislative instrument.

             (4)  The Registrar must, as soon as practicable, publish a notice of the decision:

                     (a)  in the Gazette ; and

                     (b)  either:

                              (i)  in a national newspaper; or

                             (ii)  for each State or Territory in which the corporation has its registered office (if any) or carries on business or other operations--in a daily newspaper that circulates generally in that State or Territory.

             (5)  The notice under subsection (2) or (4) must specify:

                     (a)  the period for which the corporation is to be under special administration; or

                     (b)  the period for which the special administrator is appointed; or

                     (c)  the period for which the special administration is extended; or

                     (d)  the period for which the appointment of the special administrator is extended; or

                     (e)  the date on which the corporation is to cease to be under special administration.