Document ID: chunk:federal_register_of_legislation:C2024C00492:section:3:p1
Version: federal_register_of_legislation:C2024C00492
Segment Type: section
Provision Reference: s 3 (pt 1/4)
Character Range: 616233–619315

3                         administration         special administration

 (3) The provisions of the Corporations Act mentioned in subsection (1) apply to an Aboriginal and Torres Strait Islander corporation that is under special administration:
 (a) only to the extent to which they are capable of applying to an Aboriginal and Torres Strait Islander corporation; and
 (b) with the modifications specified in the regulations.
 (4) Regulations made for the purposes of paragraph (3)(b) must not:
 (a) increase, or have the effect of increasing, the maximum penalty for any offence; or
 (b) widen, or have the effect of widening, the scope of any offence.

Division 502—Special administrator to report to Registrar

502‑1  Report to Registrar
  A special administrator for an Aboriginal and Torres Strait Islander corporation must give the Registrar such information as the Registrar requires from time to time.

Division 505—Termination of special administrator's appointment

505‑1  Termination of appointment of special administrator
 (1) The appointment of a special administrator for an Aboriginal and Torres Strait Islander corporation terminates if:
 (a) the period for which the special administrator is appointed ends; or
 (b) the special administrator dies; or
 (c) a liquidator for the corporation is appointed; or
 (d) the corporation is being wound up; or
 (e) the special administrator resigns the appointment by notice in writing to the Registrar; or
 (f) the Registrar terminates the special administrator's appointment under subsection (4); or
 (g) the Registrar terminates the special administration under section 487‑20.
Note: The termination of the appointment of the special administrator does not necessarily terminate the special administration. For when the special administration ceases, see section 487‑25.
 (2) Subject to subsection (3), the special administrator's resignation under paragraph (1)(e) takes effect at the end of the period of 28 days after the day on which the special administrator gives the notice to the Registrar.
 (3) The Registrar may, on application by the special administrator, determine in writing that the special administrator's resignation is to take effect before the end of the period of 28 days referred to in subsection (2).
 (4) The Registrar may, by notice in writing to the special administrator for an Aboriginal and Torres Strait Islander corporation, terminate the special administrator's appointment if satisfied that it is appropriate to do so.

505‑5  Grounds for terminating appointment
  Without limiting subsection 505‑1(4), the Registrar may be satisfied that it is appropriate to terminate the special administrator's appointment if the Registrar is satisfied that:
 (a) it is no longer necessary for the corporation to be under special administration; or
 (b) the special administrator has a material personal interest in a matter related to the special administration of the corporation; or
 (c) the special administrator's performance is not satisfactory; or
 (d) the special administrator has contravened a