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.
Where a corporation is experiencing difficulties, the Registrar may intervene to support and restore it to operational order, or restructure it to enable it to better meet its aims, objectives and obligations to its members see Special Administration below.
Geographical application of Act Start a corporation Find out about registration options and what to do to register a corporation.
Registers of members and former members Published: There is currently one determination that affects the legislation. Jonathan is a Partner and ac head of our leading Resources and Energy practice in Brisbane and is also the leader of our Native Title practice. Home Acts In force Details: Any uncommenced amendments affecting the law are accessible on the Legislation Register www.
Including which rules can be replaced by corporations in their rule book. Run a corporation Understand what the corporation is there for, what it is able to do and how it is to be managed. Endnote 1—About the endnotes.
Fact sheets A corporation’s rule book: Run a cafsi Understand what the corporation is there for, what it is able to do and how it is to be managed. For more information about any editorial changes made in this compilation, see the endnotes. 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.
Prime Minister and Cabinet Incorporated Amendments. Registers of members and former members [ pdfkB].
CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT (NO. , )
Contact persons and secretaries [ pdfkB]. For more information on any uncommenced amendments, see the series page on the Legislation Register for the compiled law. Civil consequences of contravening civil penalty provisions 6. Processes for closing corporations: CC Table of contents. Internal governance rules requirement As a member of a corporation you have certain rights.
Editorial changes For more information about any editorial changes actsi in this compilation, see catso endnotes.
About the CATSI Act
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 catsu internal governance of corporations. Corporation comes into existence on registration 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.
Skip to primary navigation Skip catis primary content. Corporation size and reporting Published: It includes guidance on:. ORIC will have increased investigation and compliance powers to address low-level compliance problems, including powers for fines and enforceable undertakings.
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 casi holders, under the special administration provisions in the CATSI Act cattsi Registrar may appoint a special administrator to safeguard the corporation for a specified period of time.
The rule book has three parts: 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.
This fact sheet covers the business of directors’ meetings, how to call and prepare for a meeting, running the meeting and what to do after. 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. Resources Free templates, model rules, checklist and publications. Related party financial benefits A4 single page [ pdfkB] Related party financial benefits A3 spread [ pdfkB].
The information released from ORIC does not address other changes which have been proposed for prescribed body corporates PBCs which hold native title rights and interests.
Matters to accompany application Dispute resolution Poorly handled disputes can significantly affect a corporation, its members and everyday business.
The Registrar may intervene in the operations of a PBC in order to: Call ORIC on For example section 2 of the Act states that applications for membership of a corporation must be in writing. More information is available from the ORIC website. Prime Minister and Cabinet.