The Registrar of Indigenous Corporations, Mr Anthony Beven, has today announced the end of the special administration at Karlka Nyiyaparli Aboriginal Corporation..
The corporation is based in Port Hedland, Western Australia. It represents the Nyiyaparli people in all matters concerning their native title claim and conducts negotiations and business dealings with all parties on behalf of the Nyiyaparli people.
Mr Jack James from the Perth-based firm, Palisade Business Consulting, was appointed as the special administrator on 1 March 2011. An examination of corporation’s books identified serious shortcomings in the corporate governance and financial management of the corporation.
The main focus of the special administration has been to rectify the matters identified by the examination and to establish a stronger corporate governance structure for the corporation.
‘The special administration has had some very important outcomes for the corporation,’ Mr Beven said. ‘The former management of the corporation has been replaced and over $2 million of the corporation’s money has been recovered from overseas investments and various other parties.’.
The new directors of the corporation were elected at the AGM on Wednesday, 31 August.
- Bruce Bung Snr
- Bradley Hall
- Michael Stream
- Christina Stone
- Victor Parker
- Brian Tucker
- Kim Yuline
Special administration is a special measure under the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI Act). For more information about special administrations see ORIC’s fact sheet Special administrations: what members and directors should know that is available at www.oric.gov.au.
1 September 2011
Christa De Jager
(02) 6219 7611
Ref: ORIC MR1112-08