Administration officer

Bularnu Waluwarra Wangkayujuru Aboriginal Corporation RNTBC
Mount Isa
Queensland

Regulatory posture and compliance framework

New publication

The Registrar of Aboriginal and Torres Strait Islander Corporations has today published her Regulatory posture. The posture outlines which specific legislative obligations for Aboriginal and Torres Strait Islander corporations are in her focus and her approach to regulating these obligations, as well as announcing focus areas for regulatory action in 2024.

In 2024, the Registrar will focus on:

  • corporations that have, over time, stopped reporting income and assets, or are suspected of under reporting
  • corporations that provide housing or accommodation services, particularly those that are suspected of understating the value of their assets in their financial reporting 
  • directors and officers who fail to fulfill their duties under the CATSI Act
  • corporations that deny members the opportunity to exercise their rights and are suspected of not following the CATSI Act or their rule book.

In her Regulatory posture, the Registrar also announces her intention to conduct examinations with narrowed scope concentrating on specific allegations of serious and/or repeated non-compliance, and aligned to the focus areas listed above.

The Registrar has also published the ORIC regulatory compliance framework, which outlines the Registrar’s approach to ensuring compliance with the CATSI Act. It covers ORIC’s values and foundation of the compliance approach, and describes the Registrar’s regulatory functions and powers.

Registrar's regulatory posture

Introduction

Aboriginal and Torres Strait Islander corporations registered under the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI Act) are uniquely Indigenous member owned and controlled. They carry an important mandate to deliver social, cultural and economic benefits to their members and communities, and to protect Indigenous rights and interests. A mandate that is granted and entrusted to them by their membership.

Creating sustainable employment on sea Country

Walbunja man Wally Stewart and a board of Yuin Traditional Owners are taking opportunities for Joonga to go even further. But handling the fast and large growth has been a challenge. Strong relationships and constant communication have been key to keeping up with the speed of expansion and project delivery. 

From making ripples to managing waves

Through increasing its capabilities, Joonga (which means ‘octopus’ in Walbunja language) has its sights firmly set on a sustainable economy for saltwater people.

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