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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About our courses Courses schedule —19 Training courses —18 Training courses —17 Training courses —16 Training courses — 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 page was authored by: The rule book has three parts: The register contains key information including contact information and copies of public documents such as PBC constitutions ORIC website. Act applies regardless of residence, place of formation etc. Usually when a special administrator is appointed the elected directors will step down. Run a corporation Understand what the corporation is there for, what it is able to do and how it is to be managed.
ORIC and CATSI Act | Prescribed Bodies Corporate
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. Registrar to decide application Prime Minister and Cabinet Incorporated Amendments. 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.
Minute of meetings [ pdfkB]. Related party financial benefits A4 single page [ pdfkB] Related party financial benefits A3 spread [ pdfkB]. 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.
Call ORIC on PBCs have obligations under the CATSI Act to maintain a register of members; conduct annual general and special meetings; maintain financial accounts and records; and lodge documents with the Registrar.
If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that catsj not included in this compilation, details are included in the endnotes. The drafting style, for example section numbering, has changed. The rule book has three parts:. Prime Minister and Cabinet. Corporations Amendment Aboriginal and Torres Strait Catsj Corporations Act —amends the Corporations Act, removing any contradictions or gaps between the two pieces of legislation Explanatory memorandum: ORIC is holding consultation sessions throughout Australia on the proposed reforms.
If a corporation is open to membership this rule must be included in its rule catsj.
About the CATSI Act
Before making a special administration decision, the Registrar has the discretionary powers to take into account a PBCs particular circumstances, such as its size, whether it is located in a regional or remote area and its core business.
Lodge online [ pdfkB].
The Corporations Aboriginal and Torres Strait Islander Act sets out the duties required of directors and other officers.
Body corporate registered as Aboriginal and Torres Strait Islander corporation liability of members on winding up 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. Read more about starting a corporation. Corporation size and reporting Published: Small, medium and large corporations Run a corporation Understand what the corporation is there for, what it is able to do and how it is to be managed.
More information is available from the ORIC website.
CATSI fact sheets
Registrar may grant application if application is incomplete etc. Simplifying the size classification system for corporations: What does ORIC do? Previous article Next article. 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.
A corporation’s rule book A4 single pages [ pdfkB] A corporation’s rule book A3 spreads [ pdfkB].
Examples of this are the requirements for the majority of directors and the majority of members to be Aboriginal and Cstsi Strait Islander people. If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.