When a PBC has repeated problems with reporting, leadership or money the Registrar of ORIC can place the PBC into special administration. The Registrar then gets an independent person (or group of people) to come in and try to fix these problems. This is only for corporations registered under the CATSI Act. A PBC has the chance to review ORIC’s decision to put a PBC into special administration. Special administration is better for supporting the PBC and protecting its future, whereas voluntary administration (under the Corporations Act 2001) is more focused on paying back money owed to suppliers and others.
Special administration
Differences between the CATSI Act and the Corporations Act
ORIC fact sheet about differences between the CATSI Act and the Corporations Act.
Special administrations: what members and directors should know
This fact sheet provides general information for members and directors of corporations about special administrations under the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI Act).
Special administrations: what funding agencies, creditors and employees should know
This fact sheet provides general information for funding agencies, creditors and employees about special administrations under the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI Act).