Document ID: chunk:federal_register_of_legislation:C2024C00492:section:4
Version: federal_register_of_legislation:C2024C00492
Segment Type: section
Provision Reference: s 4
Character Range: 651354–653188

4                         lodged                 lodged with the Registrar

Note: This section is intended to apply to Aboriginal and Torres Strait Islander corporations some provisions of the Corporations Act that are capable of operating before a winding up commences (or even whether or not a winding up ever occurs). Section 526‑35 only applies provisions of the Corporations Act to a winding up of an Aboriginal and Torres Strait Islander corporation.
 (2) This section has effect without limiting section 526‑35.
 (3) In this Act:
Corporations Act pre‑winding up provisions means:
 (a) section 459C, Divisions 2 and 3 of Part 5.4 and section 459Q of the Corporations Act; and
 (b) section 487 of that Act; and
 (c) section 494 of that Act; and
 (d) section 570 of that Act; and
 (e) Division 9 of Part 5.6 of that Act; and
 (f) the other provisions of that Act (including Parts 1.2, 5.8 and 9.4 and Schedule 3 but not including Parts 1.1, 1.1A and 9.4A) to the extent to which they relate to the operation of the provisions referred to in paragraphs (a) to (e); and
 (g) the regulations made under that Act for the purposes of the provisions of that Act referred to in paragraphs (a) to (e) and the provisions referred to in paragraph (f).

Part 11‑6—Insolvent trading and creditor‑defeating dispositions

Division 531—Insolvent trading and creditor‑defeating dispositions

531‑1  Applying Corporations Act insolvent trading and creditor‑defeating disposition provisions to Aboriginal and Torres Strait Islander corporations
 (1) The Corporations Act insolvent trading and creditor‑defeating disposition provisions apply to an Aboriginal and Torres Strait Islander corporation as if the following substitutions were made:

Substitutions to be made
Item                      For a reference to...    substitute a reference to...