CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) REGULATIONS 2017

Table of Provisions

PART 1--PRELIMINARY

• 1 Name
• 3 Authority
• 5 Definitions

PART 2--ABORIGINAL--AND TORRES STRAIT ISLANDER CORPORATIONS

• 6 Registration--Indigeneity requirement
• 7 Registration--creditor notice requirement
• 8 Registration as a small, medium or large corporation
• 9 Counting employees
• 10 Modification of Corporations Act arrangements and reconstructions provisions

PART 3--BASIC--FEATURES OF ABORIGINAL AND TORRES STRAIT ISLANDER CORPORATIONS

• 11 Available names
• 12 Consent required to use certain unacceptable names

PART 4--MEETINGS

• 13 Rules concerning general meetings
• 14 Exercise of proxies at general meetings
• 15 Members' access to minutes of meetings

PART 5--OFFICERS

• 16 Members may obtain information about directors' remuneration

PART 6--RECORD--KEEPING AND REPORTING

Division 1--General reports

• 17 Contents of general reports
• 18 General reports to be lodged with Registrar

Division 2--Financial and other reports

• 19 Application of Subdivision
• 20 Requirement to prepare reports
• 21 Financial reports
• 22 Directors' reports
• 23 Requirement for financial reports to be prepared in compliance with accounting standards
• 24 Requirement for financial reports to be audited
Subdivision B--Certain small and medium corporations
• 25 Application of Subdivision
• 26 Requirement to prepare reports
• 27 Financial reports
• 28 Requirement for certain financial reports to be audited

Division 3--Auditor independence

• 29 Modification of Corporations Act auditor independence provisions
• 30 Alternative independence requirements

Division 4--Appointment and removal of auditors

• 31 Purpose of this Division
• 32 Nomination
• 33 Appointment of auditor
• 34 Consent of auditor required
• 35 Notice of appointment of auditor
• 36 Resignation
• 37 Removal of auditor by resolution at general meeting
• 38 Auditor ceasing to hold office by reason of unresolved conflict of interest
• 39 Control by another corporation
• 40 Effect of winding up
• 41 Surviving or continuing auditor

Division 5--Lodging reports

• 42 Modification--time for lodgement of annual reports with Registrar

PART 7--REGISTERS

• 43 Information or documents to be included in Register of Aboriginal and Torres Strait Islander Corporations
• 44 Inspection and production of records
• 45 Exempt documents

PART 8--REGULATION--AND ENFORCEMENT

• 46 Registrar may call a general meeting (other than an AGM)
• 47 Authorised officers--identity cards

PART 9--EXTERNAL--ADMINISTRATION

• 48 Grounds for special administration
• 49 Modification of Corporations Act special administration provisions
• 50 Modification of Corporations Act receiver provisions
• 51 Modification of Corporations Act administration provisions
• 51A Modification of Corporations Act restructuring provisions
• 52 Grounds for Court ordered winding up
• 53 Modification of Corporations Act winding up provisions

PART 10--ADMINISTRATION

• 54 Authorised use or disclosure of protected information

PART 11--REGISTRAR--OF ABORIGINAL AND TORRES STRAIT ISLANDER CORPORATIONS

• 55 Public information functions of the Registrar
• 55A Registered native title body corporate functions of the Registrar

PART 12--APPLICATION--, SAVINGS AND TRANSITIONAL PROVISIONS

Division 1--Corporations (Aboriginal and Torres Strait Islander) Regulations 2017

• 56 Definitions
• 57 Things done under old regulations
58. Application--fees for members' access to minutes
• 59 Application--required number of members for directions and requests
• 60 Savings--information or documents mentioned in the Corporations (Aboriginal and Torres Strait Islander) Consequential, Transitional and Other Measures Act 2006

Division 2--Registered Native Title Bodies Corporate Legislation Amendment Regulations 2021

• 61 Application of amendments made by the Registered Native Title Bodies Corporate Legislation Amendment Regulations 2021
• SCHEDULE 1 Availability of names and consent required
• SCHEDULE 2 Information and documents to be included in Register
• SCHEDULE 3 Documents exempt from inspection
• SCHEDULE 4 Modification of applied Corporations Act provisions