Document ID: chunk:federal_register_of_legislation:C2024C00492:section:44:p33
Version: federal_register_of_legislation:C2024C00492
Segment Type: section
Provision Reference: s 44 (pt 33/41)
Character Range: 860132–862964

Strait Islander corporation. A benefit given to an officer or employee of an Aboriginal and Torres Strait Islander corporation is remuneration if and only if the benefit, were it received by a director of the corporation, would be remuneration of the director for the purposes of an accounting standard that deals with disclosure in companies' financial reports of information about directors' remuneration. For the purposes of this definition, the following are not officers of a corporation:
 (a) a receiver, or receiver and manager, of the property of the corporation;
 (b) an administrator of the corporation;
 (c) an administrator of a deed of company arrangement executed by the corporation;
 (ca) a restructuring practitioner for the corporation;
 (cb) a restructuring practitioner for a restructuring plan made by the corporation;
 (d) a liquidator of the corporation;
 (e) a trustee or other person administering a compromise or arrangement made between the corporation and someone else;
 (f) a special administrator.
reproduction, in relation to a document, means a machine‑copy of the document or a print made from a negative of the document.
required to be conducted in accordance with the auditing standards has the meaning given by section 339‑15.
required to comply with the accounting standards has the meaning given by section 339‑10.
restructuring plan:
 (a) in relation to an Aboriginal and Torres Strait Islander corporation—means a plan executed by the corporation under Part 5.3B of the Corporations Act (as applied by section 522‑1 of this Act), or such a plan as varied and in force from time to time; or
 (b) in relation to a body corporate other than an Aboriginal and Torres Strait Islander corporation—means a plan executed by the body corporate under Part 5.3B of the Corporations Act, or such a plan as varied and in force from time to time.
restructuring practitioner:
 (a) in relation to an Aboriginal and Torres Strait Islander corporation but not in relation to a restructuring plan:
 (i) means a small business restructuring practitioner for the corporation appointed under Part 5.3B of the Corporations Act (as applied by section 522‑1 of this Act); and
 (ii) if 2 or more persons are appointed under that Part as small business restructuring practitioners for the corporation—has a meaning affected by paragraph 456M(2)(b) of that Act as so applied; or
 (b) in relation to a restructuring plan made by an Aboriginal and Torres Strait Islander corporation:
 (i) means a small business restructuring practitioner for the plan appointed under Part 5.3B of the Corporations Act (as applied by section 522‑1 of this Act); and
 (ii) if 2 or more persons are appointed under that Part as small business restructuring practitioners for the plan—has a meaning affected by paragraph 456N(2)(b) of that Act