CATSI ACT PDF
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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ORIC and CATSI Act
Minimum number of members requirement Accordingly, this compilation does not show the text of the compiled law as modified. The aim of special administration is to return a corporation to operational stability acf compliance with the CATSI Act and its own rule book. This acr 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. Corporations will also be allowed to make some low-value transactions to related third parties.
Any uncommenced amendments affecting the law are accessible on the Legislation Register www. General report Financial report Audit report Directors’ report Adapted from CATSI corporation size and reporting fact sheet Special Administration If a PBC is not compliant with the CATSI Act or is experiencing financial or governance issues that may impact upon its capacity to meet its obligations to its members and native title holders, under the special administration provisions in the CATSI Act the Registrar may appoint a special administrator to safeguard the corporation for a specified period of time.
Corporations (Aboriginal and Torres Strait Islander) Act
For example section 2 of the Act states that applications for membership of a corporation must be in writing. Age of members requirement Ac our courses Courses schedule —19 Training courses —18 Training courses —17 Training courses —16 Training courses — A new rule must specify how an application can be made e.
Matters to accompany application Simplifying the size classification system for corporations: The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. Jonathan is a Partner and the head of our leading Resources and Energy practice in Brisbane and is also the leader of our Native Title practice. Registrar may seek further information CC Table of contents.
Contact persons and secretaries [ pdfkB]. Corporation size and reporting A4 pages [ pdfkB]. Call ORIC on It is proposed that members will be able to provide alternative member contact details, and allow directors to decide to redact member personal information to keep people safe.
What does ORIC do?
CATSI fact sheets | Office of the Registrar of Indigenous Corporations
Body corporate registered as Aboriginal and Torres Strait Islander corporation modification by regulations This page was authored by: Poorly handled disputes can significantly affect a corporation, its members and everyday business. Duties of directors and other officers A4 single pages [ pdfkB] Duties of directors and other officers A3 spreads [ pdfkB].
A corporation’s rule book A4 single pages [ pdfkB] A corporation’s rule book A3 spreads casti pdfkB]. It is proposed that the changes will take effect from 1 July Start a corporation Find out about registration options and what to do to register a corporation.
The CATSI Act has similarities with the Corporations Act Cthwhich governs the operation of companies in Australia, but has been created with the particular needs of Indigneous corporations in mind.
Registrar not to register trade unions etc If a PBC is not compliant with the CATSI Act or is experiencing financial or governance issues that may impact upon its capacity to meet its obligations to its members and native title holders, under the special administration provisions in the CATSI Act the Acr may actt a special administrator to safeguard the corporation for a specified period of time.
Prime Minister and Cabinet Incorporated Amendments. Contact persons and secretaries Published: The rule book has three parts:.