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.
Requirements for registration
There are requirements for a group to register and stay registered under the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI Act).
Use this checklist to find out if meet the requirements to apply to register a corporation.
What makes a good board report
Top tips from the conversation
Identify essential operational details.
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.
The skills every board needs
Top tips from the conversation
The board should be a reflection of the purpose and objectives of the corporation.
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