Document ID: chunk:federal_register_of_legislation:F2024C00961:reg:17
Version: federal_register_of_legislation:F2024C00961
Segment Type: reg
Provision Reference: reg 17
Character Range: 33897–34731

17  Replacement of agent prescribed body corporate in liquidation
 (1) For subparagraph 60(a)(ii) of the Act, a liquidator who has been appointed for an agent prescribed body corporate must, within 14 days after being appointed:
 (a) apply to the Federal Court for the determination of another prescribed body corporate to perform the functions mentioned in subsection 57(3) of the Act; and
 (b) if the liquidator nominates the Indigenous Land and Sea Corporation as the prescribed body corporate—give the Indigenous Land and Sea Corporation written notice of the application.
 (2) The Federal Court:
 (a) must determine the application as soon as practicable after receiving the application; and
 (b) may make orders about any matter relating to the replacement or the transition to the replacement agent prescribed body corporate.