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Second Reading Speeches

Corporations (Aboriginal and Torres Strait Islander) Amendment Bill 2021

Type
Government
Portfolio
Indigenous Australians
Originating house
House of Representatives
Status
Before Senate
Parliament no
46

Track (What's this?)

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Summary

Amends the:

Corporations (Aboriginal and Torres Strait Islander) Act 2006
in relation to: review of the operation of the Act every 7 years; powers and functions of the Registrar of Aboriginal and Torres Strait Islander Corporations; membership information, including applications, member contact details and electronic communication; subsidiaries and joint ventures; size classification criteria for corporations; meeting and reporting requirements; constitutions for, and officers of, corporations; related party transactions; power to exempt corporations from employee-director requirement; the appointment of independent directors; publication requirements; storage of information requirements; alignment of the Act with the Corporations Act; finalising processes; dealing with unclaimed property; external administration and deregistration; minor technical amendments; and review of financial reports; and
Native Title Act 1993
to make minor technical amendments in relation to the Native Title Register.

We acknowledge the traditional owners and custodians of country throughout Australia and acknowledge their continuing connection to land, waters and community. We pay our respects to the people, the cultures and the elders past, present and emerging.

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