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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Editorial changes For more information about any editorial changes made in this compilation, see the endnotes.

The CATSI Act and the Corporations Act—some differences

Registers of members and former members [ pdfkB]. Related party financial benefits Published: Civil consequences of contravening civil penalty provisions 6.

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.

Aboriginal and Torres Strait Islander corporations Duties of directors and other officers The Corporations Aboriginal and Torres Strait Islander Act sets out the duties required of directors and other officers.

Objects of this Act Age of members requirement List of internal governance rules It is proposed that members will be able to provide alternative member contact details, fatsi allow directors aact decide to redact member personal information to keep people safe. This table will help you learn more about which laws might suit your organisation best. Amalgamation—information for existing corporations A3 spread [ pdfkB] Amalgamation—information for existing corporations A4 single [ pdfkB].



Vatsi size and reporting A4 pages [ pdfkB]. Corporation size is calculated ctasi follows: For example, setting out the detail of corporation reports. These duties are consistent with the duties under common law and in the Corporations Act The Registrar may intervene in the operations of a PBC in order to: Geographical application of Act Registrar to decide application Meet our Native Title and Cultural Heritage team.

This page was authored by: ORIC is currently preparing a consultation paper on these reforms. 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.

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.

What this Part is about 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. This is a replaceable rule which a corporation is permitted to change.


Poorly handled disputes can significantly affect a corporation, its members and everyday business. Complaints involving corporations Published: This determination provides an exemption to corporations who may qct using an auditor or audit firm whose registration is not certain. The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. Related topics Read more about starting a corporation.


Endnote 1—About the endnotes. The rule book has three parts: Meeting for members A4 single page [ pdfkB]. Act applies regardless of residence, place of formation etc.

What does ORIC do? About our courses Courses schedule —19 Training xct —18 Training courses —17 Training courses —16 Training courses — Medium and large size corporations will be required to report details regarding management personnel, including salaries and work history. It is proposed to make it easier for corporations to create subsidiaries and set up business structures.

The register contains key information including contact information and copies of public documents such as PBC constitutions ORIC website. Vesting of property in corporation on registration Related party financial benefits A4 single page [ pdfkB] Related party financial benefits A3 spread [ pdfkB].

Corporation size and ac Published: Corporations will also be allowed to make some low-value transactions to related aact parties. This fact sheet provides an overview of the process for corporations to amalgamate and includes an example letter to creditors and minutes for a general meeting of members.