In September 2016 the Department of the Prime Minister and Cabinet commissioned KPMG to conduct a review of the CATSI Act and ORIC. The product of the review was a report finalised in December 2016, Regulating Indigenous Corporations.
The purpose of the review was to inform considerations of how the Registrar can most effectively support the capacity of Aboriginal and Torres Strait Islander corporations to maintain good governance and strong financial management, as well as any amendments to the CATSI Act required to meet this objective.
The overall assessment in the report of the review is that ORIC is doing a good job in the context of a challenging regulatory environment. There are many positive features, but also opportunities to enhance ORIC’s contribution to ensuring Aboriginal and Torres Strait Islander corporation are well governed.
This report is also available from the Department of the Prime Minister and Cabinet's website.