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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Start a corporation Find out about registration options and what to do to register a corporation.
It includes guidance on:. PBCs have obligations under the CATSI Act to maintain a register of members; acg annual general and special meetings; maintain financial accounts and records; and lodge documents with the Registrar.
Corporation size and reporting A4 pages [ pdf acg, kB]. 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. The emergence of ac 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.
Any uncommenced amendments affecting the law are accessible on actt Legislation Register www. Members’ rights As a member of a corporation you have certain rights. It is proposed that the changes will take effect from 1 July If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law.
If a corporation is open to membership this rule must be included in its rule book.
About the CATSI Act | Office of the Registrar of Indigenous Corporations
The Registrar may intervene in the operations of a PBC in order to: Becoming a corporation member A3 spread [ pdf1. The level of reporting required ; What records must be kept by PBCs ; Duties of directors catwi managers ; Member rights ; and the role of the Registrar and special administration.
Meetings for members Published: Corporation may have common seal Application, saving and transitional provisions for provisions acct amendments If the operation of a provision or amendment of 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. Complaints involving corporations Published: Skip to main content Skip to section navigation.
Incorporation occurs when a group of individual members creates a body that is itself recognised as a person in law. A new rule must specify how an application can be made e. What this Part is about Increased flexibility and simplicity for corporations which want to voluntarily deregister or appoint a special administrator.
CATSI fact sheets
The effect of uncommenced amendments is not shown in the text of the compiled law. General report Financial report Audit report. Corporations will also be allowed to make some low-value transactions to related third parties. Corporation size and reporting Published: The Registrar may refuse to register rule books that are xatsi fit for purpose. Registrar to register Aboriginal and Torres Strait Islander corporation as a small, medium or large corporation The fact cat below are short and provide information on particular topics about the CATSI Act and running corporations.
Skip to main content Skip to section navigation. Including which rules can be replaced by corporations in their rule book. Amalgamation—information for existing corporations A3 spread [ pdfat Amalgamation—information for existing corporations A4 single [ pdfkB].
CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 (NO. 124, 2006)
ORIC will have increased investigation and compliance powers to address low-level compliance problems, including powers for fines and enforceable undertakings. Registrar to decide application This is a replaceable rule which a corporation is permitted to change.
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. These duties are consistent with the duties under common law and in the Corporations Act The information released from ORIC does not address other changes which have been proposed for prescribed body corporates PBCs which cstsi native cstsi rights and interests.
What does ORIC do? The rule book has three parts:. Start a corporation Find out acf registration options and what to do to register a corporation.
This is a compilation of the Corporations Aboriginal and Torres Strait Islander Act that shows the text of the law as amended and in force on 1 March the xct date.
Becoming a corporation member Published: Run a corporation Understand what the corporation is there for, what it is able to do and how it is to be managed. Related topics Read more about starting a corporation.
Applying Corporations Act arrangements and reconstructions provisions to Aboriginal and Torres Strait Islander corporations Corporation comes into existence on cztsi Meet our Native Title and Cultural Heritage team. The Corporations Aboriginal and Torres Strait Islander Act sets out the duties required of directors and other officers. Processes for closing corporations: Modifications If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law.
Meeting for members A4 single page [ pdfkB]. The acy book has three parts: CC Table of contents. Call ORIC on