The Registrar of Indigenous Corporations, Anthony Beven, has today appointed a special administrator to the Pinanyi Store Aboriginal Corporation.
The corporation was registered on 11 September 2010 and owns the community store at Mulan. The Mulan community is approximately 280 kilometres south of Halls Creek in the Tjurabalan lands near Lake Gregory in Western Australia and has a population of about 200 people.
The directors approached the Registrar and asked for external assistance to help them restructure the debt of the store and finalise a management agreement with Outback Stores.
‘The store is an essential service for the people of the Mulan community. The special administrators will help the corporation resolve some of the issues it had after the recent departure of the former managers,’ Mr Beven said.
Mr Stuart Reid and Mr Austin Taylor were appointed as the joint and several special administrators because of their skills and experience in the retail sector. They will work closely with Outback Stores and the members of the corporation to ensure there is a smooth transition to the new management arrangements.
Background
Special administration is a unique power under the CATSI Act to help a corporation address any problems it may be having. The aim is to return an improved corporation back to the members as soon as possible. See ORIC’s fact sheet Special administrations: what members and directors should know for more information.
5 December 2011
Media contact
Christa de Jager
(02) 6219 7611
Ref: ORIC MR1112-13
Special administrator
Stuart Reid
(08) 8923 9239
0417 806 532
sreid@meertens.com.au