NATIVE TITLE (PRESCRIBED BODIES CORPORATE) REGULATIONS 1999 - REG 12 Replacement of trustee prescribed body corporate

NATIVE TITLE (PRESCRIBED BODIES CORPORATE) REGULATIONS 1999 - REG 12

  (1)   For paragraphs 56(4)(b) and (c) of the Act, the common law holders:

  (a)   may apply to the Federal Court for a determination to replace an existing prescribed body corporate that is the trustee of the native title with another prescribed body corporate as trustee; and

  (b)   if they do -- must comply with the notification requirements mentioned in regulation   1 8.

  (2)   The Federal Court:

  (a)   must determine the application as soon as practicable after receiving the application; and

  (b)   may make orders about any matter necessary or appropriate to give effect to the common law holders' wishes, or to assist the transition to the replacement prescribed body corporate.