(1) The Registrar must deregister the Aboriginal and Torres Strait Islander corporation if:
(a) the Registrar makes a transfer of registration declaration in relation to the corporation; and
(b) the corporation is registered under the law of the Commonwealth, the State or the Territory concerned.
Note: Despite the deregistration, officers of the corporation may still be liable for things done before the corporation was deregistered.
(2) Sections 546 - 20, 546 - 25, 546 - 30 and 546 - 35 do not apply to the deregistration of an Aboriginal and Torres Strait Islander corporation under this section.