CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 290.5 Corporation must lodge material that will be put to members with the Registrar

CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 290.5

  (1)   At least 14 days before the notice convening the relevant meeting is given, the Aboriginal and Torres Strait Islander corporation must lodge:

  (a)   a proposed notice of meeting setting out the text of the proposed resolution; and

  (b)   a proposed explanatory statement satisfying section   290 - 10; and

  (c)   any other document that is proposed to accompany the notice convening the meeting and that relates to the proposed resolution; and

  (d)   any other document that any of the following proposes to give to members of the corporation before or at the meeting:

  (i)   the corporation;

  (ii)   a related party of the corporation to whom the proposed resolution would permit a financial benefit to be given;

  (iii)   an associate of the corporation or of such a related party;

    and can reasonably be expected to be material to a member in deciding how to vote on the proposed resolution.

Penalty:   5 penalty units.

  (2)   An offence against subsection   (1) is an offence of strict liability.

Note:   For strict liability , see section   6.1 of the Criminal Cod e.

  (3)   If, when the notice convening the meeting is given, the Registrar:

  (a)   has approved in writing a period of less than 14 days for the purposes of subsection   (1); and

  (b)   has not revoked the approval by written notice to the corporation;

subsection   (1) applies as if the reference to 14 days were a reference to the approved period.

  (4)   An approval under subsection   (3) is not a legislative instrument.

  (5)   The Registrar may give and revoke approvals for the purposes of subsection   (3).