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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Includes amendments up to: Processes for closing corporations: Start a corporation Find out about registration options and what to do to register a corporation. The special administrator has the powers of an officer of the corporation.
These duties are consistent with the duties under common law and in the Corporations Act A new rule must specify how an application can be made e. This page was authored by: ORIC is currently catzi a consultation paper on these reforms. Registers of members and former members Published: Previous article Next article.
CATSI fact sheets | Office of the Registrar of Indigenous Corporations
Body corporate registered as Aboriginal and Torres Strait Islander corporation modification by regulations Duties of directors and vatsi officers The Corporations Aboriginal and Torres Strait Islander Act sets out the duties required of directors and other officers.
Skip to primary navigation Skip to primary content. Resources Free templates, model rules, checklist and publications. Civil consequences of contravening civil penalty provisions 6.
The CATSI Act and the Corporations Act—some differences
Registrar not to register trade unions etc Call ORIC on This means corporations will always be owned and controlled catsl Aboriginal and Torres Strait Islander people. ORIC is holding consultation sessions throughout Australia on the proposed reforms.
What this Chapter is about Corporation may have common seal Registrar to decide application Act applies regardless of residence, place of formation etc. About our courses Courses schedule —19 Training courses —18 Wct 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.
Simplifying the size classification system for corporations: The Regulations repealed the Corporations Aboriginal and Torres Strait Islander Regulations on 1 Octoberwhich were due to sunset on the same day. The Registrar may intervene in the operations of a PBC in order to: Call ORIC on Matters to accompany application Minimum number of members requirement Resources Free templates, model rules, checklist and publications.
Objects of this Act The aim of special administration is to return a corporation to operational stability and compliance with the CATSI Act and its own rule book. General report Financial report Audit report Directors’ report.
Corporations (Aboriginal and Torres Strait Islander) Act
The rule catsu has three parts:. Corporation size and reporting Published: Uncommenced amendments The effect of uncommenced amendments is not shown in the text of the compiled law.
For more information or discussion, please contact our Native title and cultural heritage team. Corporation size is calculated as follows:. What this Part is about Geographical application of Act