Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Corporations Act receiver provisions apply to an Aboriginal and Torres Strait Islander corporation as if the following substitutions were made:
Substitutions to be made | ||
Item | For a reference to... | substitute a reference to... |
1 | a corporation | |
2 | a company | |
3 | the Registrar | |
4 | ||
(2) The Corporations Act receiver provisions apply to an Aboriginal and Torres Strait Islander corporation:
(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.
(2A) Regulations made for the purposes of paragraph (2)(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.
(3) In this Act:
" Corporations Act receiver provisions" means:
(a) Part 5.2 of the Corporations Act; and
(b) the other provisions of that Act (including Parts 1.2, 5.8, 5.9 and 9.4 and Schedule 3 but not including Parts 1.1, 1.1A and 9.4A) to the extent to which they relate to the operation of Part 5.2 of that Act; and
(c) the regulations made under that Act for the purposes of Part 5.2 of that Act and the provisions referred to in paragraph (b).