CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 29.5 Indigeneity requirement

CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 29.5

    An Aboriginal and Torres Strait Islander corporation meets the Indigeneity requirement if the corporation has the following required number or percentage of its members who are Aboriginal and Torres Strait Islander persons:

  (a)   if the corporation has 5 or more members--at least the percentage of members prescribed in the regulations for the purposes of this section;

  (b)   if the corporation has fewer than 5 members but more than one member--all of the members, or all but one of the members;

  (c)   if the corporation has only one member--that member.

Note:   For the meaning of Aboriginal and Torres Strait Islander person , see section   700 - 1.