RNTBCs must have certain rules about disputes and membership eligibility in their rule books. If your RNTBC has not lodged a request to change its rule book yet, contact us and discuss your plans.
From 25 March 2023 the CATSI Act changed to include new rules for RNTBCs. Under the changes, RNTBCs must revise their rules about disputes and membership, including:
A director ID is a 15-digit number that identifies you as a director. Apply for one as soon as you know you’re going to be a director.
If you’re already a director and don’t have a director ID, apply for it as soon as possible.
If you’re about to have an annual general meeting (AGM) and appointing directors is part of the business, tell candidates to apply for director ID before the meeting.
Tell your corporation within 14 days of getting your director ID.
Notify us within 28 days by:
ORIC can collaborate with you to design and deliver a one-off training workshop to assist your board achieve particular learning and development goals or address a specific challenge you're facing.
Depending on what you want to achieve and your circumstances, a workshop might be in person or online.
Your rule book is your key governing document. It sets out the internal governance rules that apply to your corporation. It's important that it supports your corporation to practice good governance in a way that reflects your culture.
We usually have this as part of our ‘pre-incorporation doorway service’ with starting a new corporation training.
You'll learn about:
Starting a corporation requires a lot of effort and commitment. It’s important to know what's involved and whether it's right for you. If it is, then do your best to set up a good structure from the start.
Some things to consider:
To call a general meeting or AGM:
An AGM is a gathering of members held once a year. It’s an important exercise in board accountability to members.
The main purpose of an AGM is to allow members to:
This includes:
Avoid penalties by meeting your reporting obligations. Doing correct and timely reporting is positive for your corporation and the sector as a whole.
Lodging reports on time shows your corporation takes its accountability and reporting obligations seriously.
If a corporation doesn’t meet its reporting obligations there are consequences for the corporation, its board of directors and the wider sector.
The corporation could be deregistered or referred for prosecution to the Commonwealth Director of Public Prosecutions.
A financial report details a corporation's financial performance and position. It must be prepared in line with the Australian Accounting Standards.
High-quality financial reports are key to giving confidence to stakeholders. A high-quality report can support investment decisions and build trust and transparency.
