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Corporations (Aboriginal and Torres Strait Islander) Regulations 2017
52Grounds for Court ordered winding up
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52 Grounds for Court ordered winding up
For the purposes of paragraph 526‑5(k) of the Act, the prescribed period is 2 years.
Note: Under paragraph 526‑5(k) of the Act, one of the grounds on which an Aboriginal and Torres Strait Islander corporation may be wound up is that the corporation has failed, for a prescribed period, to lodge any financial or other reports required to be lodged by Part 7‑3 of the Act.