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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

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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.

Progress

House of Representatives
Introduced and read a first time 25 Aug 2021
Second reading moved 25 Aug 2021
Second reading debate 01 Sep 2021
Second reading debate 02 Sep 2021
Second reading agreed to 02 Sep 2021
Third reading agreed to 02 Sep 2021
Senate
Introduced and read a first time 02 Sep 2021
Second reading moved 02 Sep 2021

Documents and transcripts

Text of bill

Explanatory memoranda

Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

Notes

Helpful information

Text of bill

  • First reading: Text of the bill as introduced into the Parliament
  • Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
  • As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

  • Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
  • Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
  • Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changes to the bill. For details about the outcome of proposed amendments please refer to either the Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.