Document ID: chunk:federal_register_of_legislation:C2024C00492:section:6:p170
Version: federal_register_of_legislation:C2024C00492
Segment Type: section
Provision Reference: s 6 (pt 170/175)
Character Range: 601102–604060

section 487‑20—on the date specified in the determination under section 487‑20.
Note: Subparagraph (b)(ii)—once the corporation is under special administration only the Registrar or the special administrator can apply for the winding up of the corporation (see subsection 526‑15(3)).

Division 490—Appointment of special administrator

490‑1  Registrar may appoint special administrator
 (1) The Registrar may appoint a special administrator for an Aboriginal and Torres Strait Islander corporation that is under special administration.
Note: The special administrator may be appointed either as the initial special administrator for the special administration of the corporation or to replace a special administrator who was appointed earlier.
 (2) The appointment must be made in writing.

490‑5  Period of appointment
 (1) The appointment must specify the period for which the special administrator is appointed.
 (2) The Registrar may extend the period for which a special administrator is appointed.
 (3) An extension under subsection (2) must:
 (a) be made in writing; and
 (b) be made before the period to be extended ends.
 (4) An appointment:
 (a) has effect, subject to paragraph (b), until the end of the period of the appointment; and
 (b) ceases to have effect if it is terminated under section 505‑1 before the end of that period.

Division 493—Notice requirements

493‑1  Notice of special administration determination or appointment of special administrator
 (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