Indigeneity requirement
For a corporation to be registered under the CATSI Act, the corporation must at all times be owned and controlled by Aboriginal or Torres Strait Islander people.
Director
What reports you need to lodge
If your corporation is required to lodge reports here's a quick tool to help you work out what reports you need to prepare and lodge.
Tool: Work out what reports your corporation needs to lodge this year
Step 1: What size is your corporation?
Small
Medium
Large
Reporting to other stakeholders
Your corporation may have reporting obligations with other regulators and stakeholders such as the examples below.
Charities
If your corporation is also registered as a charity with the Australian Charities and Not-for-Profits Commission (ACNC), you only need to lodge reports and changes to your corporation with ORIC.
We share your reports and updates with the ACNC. The ACNC will treat your corporation as meeting their requirements and update the ACNC register.
Voluntary deregistration
A voluntary deregistration is where all members agree to it. In a voluntary deregistration the directors have already completed the work of winding up the affairs of the corporation.
Creating a rule book
Read through steps on how to draft a rule book for a corporation.
Exemptions
There are certain parts of the CATSI Act that the Registrar can grant exemptions for. An exemption means that a corporation does not have to comply with that part of the Act.
Exemptions may:
- be conditional
- be for a short time
- have no end date
- cover a group of corporations.
Requesting an exemption is different to replaceable rules in a corporation’s rule book.
Types of rules
There are different types of rules for a corporation’s internal governance. There are rules that are set in the law and cannot be changed, can be replaced, can be changed and are specific to the corporation.
Membership records
Corporations must keep a record of all membership applications given to the corporation and a register of current and former members.
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 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.