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Update on proposed reforms to the Corporations (Aboriginal and Torres Strait Islander) Act 2006
Publisher
Aboriginal legal status and laws
Public consultation
Australia
Description
The Australian Government is proposing reforms to strengthen and improve the Corporations (Aboriginal and Torres Strait Islander) 2006 (CATSI Act). The reforms are intended to benefit Aboriginal and Torres Strait Islander corporations by reducing red tape, especially for small corporations. Other proposed changes seek to increase transparency for members. There are also minor changes to streamline and clarify some parts of the CATSI Act.
The proposed changes cover the topics of:
- size classifications
- rule books
- business structures
- meetings and reporting
- membership
- transparency of senior executives
- payments to related third parties
- special administrations
- voluntary deregistration
- compliance powers.
Publication Details
Copyright:
Commonwealth of Australia 2018
License type:
All Rights Reserved
Access Rights Type:
open
Post date:
8 Jan 2019
