The Registrar has a number of regulatory and enforcement powers under the CATSI Act. What powers the Registrar exercises and when, will depend on the circumstances of each case. The Registrar's policy statements provide guidance on how and when the Registrar may use his powers.
To make sure corporations are run properly, the Registrar:
- regularly assesses the governance standards of corporations—examinations
- issues warnings to corporations that do not follow the CATSI Act or their rule book—compliance notices
- steps in if a corporation can't solve its problems, but only if nothing else will work—special administrations.
The Registrar also provides support to help close corporations that are no longer operating—liquidations.
