Director

Related party financial benefits

When a corporation gives an asset or money to a person or group with a close relationship to the corporation, this is called a giving a related party a financial benefit.  

Unless it is exempt under the CATSI Act, only the corporation's members can approve giving related party financial benefits.

Related parties

A related party can be an individual. These include:

Amalgamate corporations

Two or more Aboriginal and Torres Strait Islander corporations can join together to form a new corporation. This is called ‘amalgamating’.

How to amalgamate 2 or more corporations

These steps are for amalgamating multiple corporations already registered under the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI Act). 

If one or more of the organisations is not under the CATSI Act, please contact us

When your board can’t agree

Top tips from the conversation

Healthy disagreement on a board is a good thing. Disagreement can bring different perspectives and different ideas. It brings out differences of opinion.

Separating governance and management

Top tips from the conversation

Distinguish differences between corporate and cultural authority. Be mindful of understanding rules and obligations under the Corporations (Aborigin

Under examination

Top tips from the conversation 

Don’t worry – examinations are positive. Examinations look at what corporations do well and how they can improve.

Being a good chair

Top tips from the conversation

A chairperson is first among equals. They may lead the board, but they have the same voice and the same vote as every other director.