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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General report Financial report Audit report Directors’ report. 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.
ORIC and CATSI Act | Prescribed Bodies Corporate
Skip to main content Skip to section navigation. 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. Act applies regardless of residence, place of formation etc. You can lodge at online.
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. If you know what they are, it puts you in a better position to play an active part in your corporation. This is called amalgamating.
Corporation size is calculated as follows: The Corporations Aboriginal cztsi Torres Strait Islander Act sets out the duties required of directors and other officers. Becoming a corporation member Published: Previous article Next article.
Minutes of meetings Published: More information is needed about what these proposed changes will look like. Resources Free templates, model rules, checklist and publications.
Corporation may have common seal This determination provides an exemption to corporations who may be using an auditor or audit firm whose registration is not certain. Prime Minister and Cabinet Incorporated Amendments. 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.
For more information about any editorial changes made in this compilation, see the endnotes.
If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.
More information is available from the ORIC website.
Call ORIC on Incorporation occurs when a group of individual members creates a body that is itself recognised as a person in law. This means corporations will always be owned and controlled by Aboriginal and Torres Strait Islander people.
Federal Register of Legislation – Australian Government
Minute of meetings [ pdfkB]. This fact sheet provides a summary of what’s usually in a rule book cztsi provides a list of provisions from the CATSI Act casi deal with the internal governance of corporations.
Record keeping, reporting requirements and books Registrar to decide application Any uncommenced amendments affecting the law are accessible on the Legislation Register www.
About our courses Courses schedule —19 Training courses —18 Training courses —17 Training courses —16 Training courses — It includes guidance on:. They’re also available in hard copy—call or email publications oric.
CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT (NO. , )
ORIC is holding consultation cattsi throughout Australia on the proposed reforms. It is proposed that the changes will take effect from 1 July Prime Minister and Cabinet. It includes guidance on: The rule book has three parts:. 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.
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 Ccatsi the compilation date.
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.
The level of reporting required ; What records must be kept by PBCs ; Duties of directors and managers ; Member rights ; and the role of the Registrar and special administration. What this Part is about Dispute resolution – A4 pages [ pdfkB].