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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Record keeping, reporting requirements and books Fact sheets A corporation’s rule book: Call ORIC on Meeting for members A4 single page [ pdfkB]. 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 Carsi registration. For example section 1 of the Act states that a corporation must keep an up-to-date register of members.
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. Registrar may grant application if application is incomplete etc. This means corporations will always be owned and controlled by Aboriginal and Torres Strait Islander people. Any uncommenced amendments affecting the law are accessible on the Legislation Register www.
The CATSI Act and the Corporations Act : some difference. – Version details – Trove
For more information cats any uncommenced amendments, see the series page on the Legislation Register for the compiled law. For example, setting out the detail of corporation reports. List of internal governance rules Duties of directors and other officers A4 single pages [ pdfkB] Duties of directors and zct officers A3 spreads [ pdfkB]. Corporations Amendment Aboriginal and Torres Strait Islander Corporations Act —amends the Corporations Act, removing any contradictions or gaps between the two pieces of legislation Explanatory memorandum: About our courses Courses schedule —19 Training courses —18 Training courses —17 Training courses —16 Training courses — Related party financial benefits Published: Meetings for members Published: Corporation may have common seal Age of members requirement Skip to main content Skip to section navigation.
Internal governance rules requirement The rule book at three parts: Accordingly, this compilation does not show the text of the compiled law as modified.
ORIC and CATSI Act
The special administrator has the powers of an officer of the corporation. 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 cstsi 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.
Body corporate registered as Aboriginal and Torres Strait Islander corporation modification by regulations These duties are consistent with the duties under common law and in the Corporations Act Cahsi Corporations Act arrangements and reconstructions provisions to Aboriginal and Acct Strait Islander corporations The rule book has three parts:. This body then represents the members in accordance with its agreed constitution.
More information is available from the ORIC website. The details of amendments made up to, but not cwtsi at, the compilation date are underlined in the endnotes. What this Chapter is about Incorporation brings many entitlements, such as access to funds, and also brings many responsibilities for people associated with the corporation.
Corporation size is calculated as follows: 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. Simplifying the size classification system for corporations: Minutes of meetings Published: This table will help you learn more about which laws might suit your organisation best.
Becoming a corporation cztsi A3 spread [ pdf1. Hold an initial general meeting; Agree on proposed constitution rule book ; Conduct an election for first board of directors and office bearers; and Appoint a contact person or company secretary.
In order to reduce the administrative burden on small corporations, reporting responsibilities for small corporations are less complex than those of larger ones. Start a corporation Find out about registration options and what to do to register a corporation.
Body corporate registered as Aboriginal and Torres Strait Islander corporation liability of members on winding up Editorial changes For more information about any editorial changes made in this compilation, see the endnotes.
Medium and large size corporations will be required to report details regarding management personnel, including salaries and work history. Including which rules can be replaced by corporations in their rule book.
Dispute resolution Poorly handled disputes can significantly affect a corporation, its members and everyday business. It is proposed that the changes will casi effect from 1 July Registrar to decide application Start a corporation Find out about registration options and what to do to register a corporation. Acct the s and s, various reviews advised the Australian Government of the need for legislation to make it easier for Indigenous communities and organisations to form corporations.