Inquiry into the provisions of the Corporations (Aboriginal and Torres
Strait Islander) Bill 2005 and associated bills
Information about the inquiry
(Aboriginal and Torres Strait Islander) Bill 2005 replaces the
Aboriginal Councils and
Associations Act 1976. Its purpose
is to improve governance and capacity in the Indigenous corporate sector.
The Bill aligns with modern corporate governance standards and corporations
law, while maintaining a special statute of incorporation for Aboriginal and
Torres Strait Islander peoples to take account of the special risks and
requirements of the Indigenous corporate sector.
On 6 September 2005, the
Senate referred the provisions of the Corporations (Aboriginal and Torres
Strait Islander) Bill 2005 (the Bill) to the Senate Legal and Constitutional
Legislation Committee for inquiry and report by
12 October 2005.
The committee held a public hearing in Canberra on 4 October 2005.
On 11 October 2005, the
committee agreed to extend the reporting date to the first sitting day in
2006. On 8 December 2005, the committee agreed to seek leave to further
extend the reporting date to
30 March 2006. On
7 February 2006, the reporting date was further extended to
14 September 2006.
The extensions of the
reporting date were intended to allow the Bill to be considered in
conjunction with an exposure draft of the
Corporations (Aboriginal and
Torres Strait Islander) Consequential, Transitional and Other Measures Bill
2006 (the Transitionals Bill). The Transitionals Bill was
introduced into Parliament on 14 September 2006, along with an associated
bill, the Corporations Amendment (Aboriginal and Torres Strait Islander
Corporations) Bill 2006 (the Amendment Bill).
On 14 September 2006, the
Senate referred the provisions of the Transitionals Bill and the Amendment
Bill to the committee for inquiry and report by 9 October 2006.
The committee intends to
table its final report in relation to all three bills by 9 October 2006.
Submissions are called for in relation to the Transitionals Bill and the
Amendment Bill by 25 September 2006. Submissions become Committee documents and are only made
public after a decision by the Committee. Unauthorised release of
submissions is not covered by parliamentary privilege. Further assistance
can be obtained by phoning the secretariat on (02) 6277 3560.
For further information, contact:
Senate Standing Committees on Legal and Constitutional Affairs
PO Box 6100
Canberra ACT 2600