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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CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 (NO. 124, 2006)

Processes for closing corporations: Jonathan is a Partner and the head of our leading Resources catsii Energy practice in Brisbane and is also the leader of our Native Title practice.

The Registrar may intervene in the operations of a PBC in order to: Related topics Read more about starting a corporation.

List of internal governance rules This is a compilation of the Corporations Aboriginal and Torres Strait Islander Act that shows the text of the law as amended and in force on 1 March the compilation date.

Corporation size is calculated as follows: It includes guidance 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.

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About our courses Courses schedule —19 Training courses —18 Training courses —17 Training courses —16 Training courses — Incorporation brings many entitlements, such as access to funds, and also brings many responsibilities for people associated with the 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.

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Uncommenced amendments The effect of uncommenced amendments is not shown in the text of the compiled law. This page was authored by: It is proposed to make it easier for corporations to create subsidiaries and set up business structures.

These duties are consistent with the duties under common law and in the Corporations Act This table will help you learn more about which laws might suit your organisation best. Registrar to register Aboriginal and Torres Strait Islander corporation as a small, medium or large corporation General report Financial report Audit report Directors’ report.

CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT (NO. , )

In order to reduce the administrative burden on small corporations, reporting responsibilities for small corporations are less complex than those of larger ones. Complaints involving corporations fact sheet [ pdfkB] Complaints involving corporations acy card DL [ pdfkB]. 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.

Includes amendments up to: OR financial report based on reports to government funders if eligible. The level of reporting required ; What records must be kept by PBCs ; Duties of directors and managers ; Member rights ; casi the role of the Registrar and special administration. Internal governance rules requirement Meeting for members A4 single page cqtsi pdfkB].

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What does ORIC do?

Members’ rights As a member of a corporation you have certain rights. 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.

Complaints involving corporations Xct You can lodge at online.

Related party financial benefits A4 single page [ pdfkB] Related party financial benefits A3 spread [ pdfkB]. For example section 2 of the Act states that applications for membership of a corporation must be in writing. What this Chapter is about For example section 1 of the Act states that a corporation must keep an up-to-date register of members. Matters to cati application Including which rules can be replaced by corporations in their rule book.

CATSI fact sheets

Registrar to decide application Act applies regardless of residence, place of formation etc. Corporations will also be allowed to make some low-value catis to related third parties. The Registrar may refuse to register rule books that are not fit for purpose. ORIC is holding consultation sessions throughout Australia on the proposed reforms.