The Registrar of Indigenous Corporations, Anthony Beven, today noted the Federal Court’s decision to reject applications for costs in the Nyangatjatjara Aboriginal Corporation (NAC) case.
Justice Mansfield has rejected the applications made by the Registrar and special administrator for costs from the applicants and has ordered that the parties bear their own costs of the case to date.
The special administrator intends to hold a general meeting of members between 21 July and 25 August 2008 to:
- provide the members information about the structure, function and financial position of subsidiaries, including Wana Ungkunytja Pty Ltd
- consider and adopt new rules (compliant with the new legislation)
- elect directors.
Mr Beven said that he expects to end the special administration of NAC by 31 August 2008.
An administrator was appointed to the corporation in April 2006 to address serious concerns including a significant trading loss over a 15-month period; poor corporate governance practices; failure to adhere to the rules of the corporation when establishing membership and maintaining the register of members; failure to hold annual general meetings; and improper election procedures.
NAC operates a secondary college for Aboriginal students at Yulara near Uluru with campuses at the Mutitjulu, Imanpa and Docker River communities.
For more details about the case go to the Registrar’s media release of 15 March 2008—Court hands down decision in Nyangatjatjara Aboriginal Corporation case <hyperlink>.
02 6219 7611
25 July 2008