Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Registrar must deregister an Aboriginal and Torres Strait Islander corporation if the Court orders the deregistration of the corporation under:
(a) paragraph 413(1)(d) of the Corporations Act (as applied by section 45 - 1 of this Act) (reconstruction and amalgamations); or
(b) paragraph 481(5)(b) of the Corporations Act (as applied by section 526 - 35 of this Act) (release of liquidator); or
(c) subsection 509(2) of the Corporations Act (as applied by section 526 - 35 of this Act) (liquidator's return following winding up).
(2) The Registrar must deregister an Aboriginal and Torres Strait Islander corporation if:
(a) 3 months have passed since the corporation's liquidator lodged the end of administration return for the company under section 70 - 6 of Schedule 2 to the Corporations Act (as applied by section 526 - 35 of this Act); and
(b) no order under subsection 509(2) of the Corporations Act (as applied by section 526 - 35 of this Act) has been made during that period.
(3) If:
(a) an application is made under section 23 - 1 to register an Aboriginal and Torres Strait Islander corporation (the amalgamated corporation ) under Part 2 - 3 to replace 2 or more existing Aboriginal and Torres Strait Islander corporations (the amalgamating corporations ); and
(b) the Registrar registers the amalgamated corporation as a result of the application;
the Registrar must deregister the amalgamating corporations.
(4) Subsections 546 - 20(2) to (7) and sections 546 - 25 to 546 - 40 do not apply to the deregistration of an Aboriginal and Torres Strait Islander corporation under subsection (3) of this section.