Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Subject to section 496 - 5, the following offices become vacant on the appointment of a special administrator for an Aboriginal and Torres Strait Islander corporation:
(a) the office of each director of the corporation;
(b) the office of each secretary (if any) of the corporation.
(2) Subsection (1) applies even if the special administrator is appointed to replace another special administrator for the corporation.
Note: This subsection has the effect that if a special administrator is appointed and the Registrar determines, as part of that appointment, that the offices of the corporation's officers are not to be vacated, the subsequent appointment of a replacement special administrator will automatically vacate those offices unless a fresh determination is made under section 496 - 5 in relation to the new appointment.