Commonwealth Consolidated Regulations

CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) REGULATIONS 2017

- made under the Corporations (Aboriginal and Torres Strait Islander) Act 2006

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

              Subdivision A--Large corporations and certain small and medium corporations

   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