The Registrar of Indigenous Corporations, Anthony Beven, has placed KASH Aboriginal Corporation under special administration. This action follows a request for assistance from the corporation’s directors.
KASH was established in 1978 and operates a drug and alcohol rehabilitation centre in Mount Isa, Queensland, for Aboriginal and Torres Strait Islander people. Most of the corporation’s funding comes from the Department of Health and Ageing, Aboriginal Hostels Limited and the Department of Children’s Services.
‘The corporation has experienced difficulties in recent times,’ said Mr Beven. ‘The directors have taken the right steps in seeking help from my office.’
Mr Glen Walker from the Maleny-based firm of Walker Reid has been appointed as the special administrator.
‘Mr Walker, who brings with him a great deal of experience as a special administrator, will initially focus on ensuring that there is no interruption to the corporation’s much needed services,’ said Mr Beven. ‘The special administrator will also review the corporation’s services, its governance practices and its financial performance.’
The special administrator has been appointed for six months.
Background: Special administration is a special measure under the Corporations (Aboriginal and Torres Strait Islander) Act 2006 which helps corporations to fix their problems. The aim of the process is to restore a corporation to good health and once this is achieved to return control to members as soon as possible. For more information please see ORIC’s fact sheet Special administrations: what members and directors should know available at www.oric.gov.au.
13 March 2012
(02) 6146 4743
Ref: ORIC MR1112-26
(07) 5494 3744 or 0408 739 404