54Appointment of administrator—Corporations legislation

#### 54 Appointment of administrator—Corporations legislation 54 Appointment of administrator—Corporations legislation (cf [Co-operatives Act 1992](/view/html/repealed/current/act-1992-018), sections 332 and 332A) > > (1) An association is declared to be an applied Corporations legislation matter for the purposes of Part 3 of the [Corporations (Ancillary Provisions) Act 2001](/view/html/inforce/current/act-2001-032) in relation to the provisions of Part 5.3A and Division 3 of Part 5.9 of the [Corporations Act 2001](http://www.legislation.gov.au/) of the Commonwealth, subject to the following modifications— > > > > > (a) those provisions are to be read as if an association and its committee were, respectively, a company and its board, > > > > > (b) those provisions are to be read as including the provisions of subsections (2) and (3), > > > > > (c) a reference in those provisions to sections 128 and 129 of the [Corporations Act 2001](http://www.legislation.gov.au/) of the Commonwealth is to be read as a reference to sections 23 and 24 of this Act, > > > > > (d) a reference in those provisions to an administrator appointed under a provision of Part 5.3A is to be read as including a reference to an administrator appointed by the Secretary under this section, > > > > > (e) a reference in those provisions to ASIC is to be read as a reference to the Secretary, > > > > > (f) such other modifications (within the meaning of Part 3 of the [Corporations (Ancillary Provisions) Act 2001](/view/html/inforce/current/act-2001-032)) as may be prescribed by the regulations. > > > (2) Without limiting subsection (1), the Secretary may appoint a person as an administrator for the purposes of the provisions of Part 5.3A of the [Corporations Act 2001](http://www.legislation.gov.au/) of the Commonwealth (as applying under this section) if of the opinion that the association is, or is likely to become, insolvent. > > > (3) A person appointed under subsection (2) may, but need not, be a registered liquidator within the meaning of the [Corporations Act 2001](http://www.legislation.gov.au/) of the Commonwealth.