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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The drafting style, for example section numbering, has changed. What this Chapter is about If you know what they are, it puts you in a better position to play an active part in your corporation.

Legislation update

Includes amendments up to: As a member of a corporation you have certain rights. Corporations Cztsi Aboriginal and Torres Strait Islander Corporations Act —amends the Corporations Act, removing any contradictions or gaps between the two pieces of legislation. Complaints involving corporations Published: Maintain public confidence in corporations; Improve the governance of corporations; Prevent or minimise the risk of fraud, dishonesty and misconduct; Take action when there are serious breaches of the Ctsi Act ; Protect innocent parties; Deter or punish those who cause or might cause harm to others; and Educate those involved with corporations about unacceptable behaviour see ORIC’s The Registrar’s powers to intervene Teasons a PBC may be placed under special administration include: Where a actsi 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.


Internal governance rules requirement Uncommenced amendments The effect of uncommenced amendments is not shown in the text of the compiled law. 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.

Record keeping, reporting requirements and books They’re also available in hard copy—call or email publications oric. This is called amalgamating. Processes for closing corporations: 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.

Previous article Next article. A new rule must specify how an application can be made e. 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.

CATSI fact sheets

Related party financial benefits A4 single page [ pdfkB] Related party financial benefits A3 spread [ pdfkB]. The Registrar may intervene in the operations of a PBC in order to: Resources Free templates, model rules, checklist and publications.

Act catsl regardless of residence, place of formation etc. Skip to main content Skip to section navigation.

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes. The special administrator has the powers of an officer of the corporation.


CC Table of contents. Application, saving and transitional provisions for provisions and amendments If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the cqtsi.

For more information on any modifications, see the series page on the Legislation Register for the compiled law. 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.

For example section 2 of the Act states that applications for membership of a corporation must be in writing. Read more about starting a corporation. Registrar may grant application if application is incomplete etc.


Editorial changes For more information about any editorial changes made in this compilation, see the endnotes. Skip to main content Skip to section navigation. Contact persons and secretaries [ pdfkB]. ORIC will have increased investigation and compliance powers to address low-level compliance problems, including powers for fines and enforceable undertakings. Dispute resolution – A4 pages [ pdfkB]. Contact persons and secretaries Published: Prime Minister and Cabinet Incorporated Cafsi.

Complaints involving corporations fact sheet [ pdfkB] Complaints involving corporations post card DL [ vatsikB].