Running a corporation [1]

An Indigenous corporation is run by its own rule book [2] and the CATSI Act [3]. The rule book sets out what the corporation is there for, what it is able to do and how it is to be managed.

To run a corporation it's important that members [4] and directors [5]:

• read and understand their rule book [2]
• follow their rule book and the CATSI Act
• understand the corporation's money position and keep proper financial records [6]
• make sure meetings [7] are run properly and regularly
• make sure reports [8] are lodged with ORIC each year
• keep other records up-to-date, especially the register of members
• keep contact details up-to-date with ORIC
• put the ICN on all public documents, such as letterhead and cheques.

The Registrar provides a training program [9] to help members and directors of corporations understand their roles, responsibilities and other corporate governance [10]issues.

Remember you can ask the Registrar for information or help if you need it.