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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CATSI fact sheets | Office of the Registrar of Indigenous Corporations
Lodge online [ pdfkB]. 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.
Act applies regardless of residence, place of formation etc. Skip to main content Skip to section navigation.
Corporation size and reporting Published: In 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.
Registrar not to register trade unions etc For example catsk 1 of the Act states that a corporation must keep an up-to-date register of members. The Registrar may refuse to register rule books that are not fit for purpose.
Registers of members and former members Published: This is a replaceable rule which a corporation is permitted to change. Record keeping, reporting requirements and books ORIC is holding consultation sessions throughout Australia on the proposed reforms. Internal governance rules requirement About our atc Courses schedule —19 Training courses —18 Training courses —17 Training courses —16 Training courses — Vesting of property in corporation on registration Minutes of meetings Published: Corporation comes into existence on registration Registrar to decide application The Corporations Aboriginal and Torres Strait Islander Act sets out the duties required of directors and other officers.
Includes amendments up to: Resources Free templates, model rules, checklist and publications.
Any uncommenced amendments affecting the law are accessible on the Legislation Register www. This determination provides an exemption to corporations who may be using an auditor or audit firm whose registration is not certain.
The register contains key information including contact information and copies of public documents such as PBC constitutions ORIC website. Medium and large size corporations will be required to report details regarding management personnel, including salaries and work history.
CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT (NO. , )
For example section 2 of the Act states that applications for membership of a corporation must be in writing. Registrar to register Aboriginal and Torres Strait Islander corporation as a small, medium or large cat 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.
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.
Caatsi a corporation Find out about registration options and what to do to register a corporation. This fact sheet provides an overview of the process for xct to amalgamate and includes an example letter to creditors and minutes for a general meeting of members. This is called amalgamating. Age of members requirement Examples of this are the requirements for the majority of directors and the majority of members to be Aboriginal and Torres Strait Islander people.
Minimum number of members requirement Acy ORIC on This fact sheet provides a summary of what’s usually in a rule book and provides a list of provisions from the CATSI Act that deal with the internal governance of corporations.
General report Financial report Audit report. For more information on any uncommenced amendments, see the series page on the Legislation Register for the compiled law. Run a corporation Understand what the corporation is there for, what it is able to do and how it is to be managed.