The CATSI Act has similarities with the Corporations Act (Cth), which governs the operation of companies in Australia, but has been. Items 45 – 62 Corporations (Aboriginal and Torres Strait Islander) Act Authoritative Version. – CC; In force – Latest Version; View Series. Key issues Technical Review of CATSI Act Brief summary of proposed changes published by ORIC – this does not address any specific.
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Corporation size and reporting Published: Corporate governance Who does what Meetings Resolutions and voting Changing rules Financial records Lodging reports Making a complaint Resolving disputes Closing a corporation Regulatory activities Resources Charity registration.
Uncommenced amendments The effect of uncommenced amendments is not shown in the text of the compiled law. Civil consequences of contravening civil penalty provisions 6. Corporation size is calculated as follows:. Complaints involving corporations fact sheet [ pdfkB] Complaints involving corporations post card DL [ pdfkB].
Casi party financial benefits Published: Internal governance rules requirement ORIC will have increased investigation and compliance powers to address low-level compliance problems, including powers for fines and enforceable undertakings.
A corporation’s rule book A4 single pages [ pdfkB] A corporation’s rule book A3 spreads [ pdfkB]. About our courses Courses schedule —19 Training courses —18 Training courses —17 Training courses —16 Training courses — If the operation of a provision or amendment acr the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes. Increased flexibility and simplicity for corporations which want to voluntarily deregister or appoint a special administrator.
This fact sheet provides a summary of what’s usually in a rule book and provides a list of provisions from the CATSI Act that deal with the internal governance of corporations. Dispute resolution Poorly handled disputes can significantly affect a corporation, its members and everyday business.
CATSI fact sheets | Office of the Registrar of Indigenous Corporations
Skip to primary navigation Skip to primary content. Prime Minister and Cabinet. Duties of directors and other officers The Corporations Aboriginal and Torres Strait Islander Act sets out the duties required of directors and other officers.
Processes for closing corporations: The Registrar may refuse to register rule books that are not fit for purpose. The rule book has three parts:.
Federal Register of Legislation – Australian Government
Small, medium and large corporations Matters to accompany application Start a corporation Find out about registration options and what to do to register a corporation. Applying Corporations Actt arrangements and reconstructions provisions to Aboriginal and Torres Strait Islander corporations Usually when a special administrator is appointed the elected directors will step down.
For more information or discussion, please contact our Native title and cultural heritage team. Corporation may have common seal Corporations will also be allowed to make some low-value transactions to related third parties. Vesting of property in corporation on registration Becoming a corporation member Published: If a corporation is open to membership this rule must be included in its rule book.
This body then represents the members in casi with its agreed constitution. This determination provides an exemption to corporations who cqtsi be using an auditor or audit firm whose registration is not certain. For example section 1 of the Act states that a corporation must keep an up-to-date register of members. It is proposed that members atc be able to provide alternative member contact details, and allow directors to decide to redact member personal information to keep people safe.
Resources Free templates, model rules, checklist and publications. The drafting style, for example section numbering, has changed.
The register contains key information including contact information and copies of public documents such as PBC constitutions ORIC website. The emergence of land rights emphasised the need for an alternative to complex and onerous laws and processes for incorporating, which were unsuited to many Indigenous people, particularly those living in remote areas. For more information on any modifications, see the series page on the Legislation Register for the compiled law.
CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 (NO. 124, 2006)
Endnote 1—About the endnotes. Resources Free templates, model rules, checklist and publications. The fact sheets below are short and provide information on particular topics about the CATSI Act and running corporations.
Incorporation brings many entitlements, such as access to funds, and cat brings many responsibilities for people associated with the corporation. Registers of members and former members Published: Lodge online [ pdfkB].
Incorporation occurs ctsi a group of individual members creates a body that is itself recognised as a person in law. General report Financial report Audit report Directors’ report. The special administrator has the powers of an officer of the corporation. For more information on any uncommenced amendments, see the series page on the Legislation Register for the compiled law.
Contact persons and secretaries Published: Registrar may seek further information This means corporations will always be owned and controlled by Aboriginal and Torres Strait Islander people.
Meetings for members Published: The notes at the end of this compilation the endnotes include information about amending laws and the amendment history of provisions of the compiled law.