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  • Aboriginal and Torres Strait Islander Amendment (A Stronger Land Account) Bill 2014

    Track (What's this?)

    Date
    24 Jun 2014 
    Chamber
    Senate 
    Status
    Before Senate 
    Sponsor
     
    Summary
    Amends the:
    Aboriginal and Torres Strait Islander Act 2005
    to: clarify the purpose of the Aboriginal and Torres Strait Islander Land Account; provide for excess returns from Land Account investments to be equally shared between the Account and the Indigenous Land Corporation (ILC); provide that the minister may have regard to advice provided by the ILC about its financial requirements; provide for parliamentary review of any proposed changes to the ILC and the Land Account; provide for the establishment of a Nomination Committee to make recommendations about appointments to the ILC Board; require the ILC Board to establish a Risk and Audit Management Committee; limit the tenure and reappointments of directors; require the chair and directors to disclose all pecuniary interests; and require the ILC Board to determine a code of conduct. 

    Bill | Explanatory Memorandum

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What is a bill?

A bill is a proposal for a law or a change to an existing law. A bill becomes law (an Act) when agreed to in identical form by both houses of Parliament and assented to by the Governor-General.