Corporations (Aboriginal and Torres Strait Islander) Act 2006
CHAPTER 4
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MEMBERS AND OBSERVERS
PART 4-2
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MEMBERS
Division 141
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Membership of Aboriginal and Torres Strait Islander corporations
Subdivision 141-B
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Ongoing requirements relating to membership that are imposed on an Aboriginal and Torres Strait Islander corporation
SECTION 141-10
INDIGENEITY REQUIREMENT
141-10(1)
An Aboriginal and Torres Strait Islander corporation must meet the Indigeneity requirement set out in section 29-5 at all times.
141-10(2)
However, the corporation ' s constitution may provide that the corporation must have a number or percentage of persons who are Aboriginal and Torres Strait Islander persons that is higher than the number or percentage required in the Indigeneity requirement.
141-10(3)
An Aboriginal and Torres Strait Islander corporation that does increase the number or percentage of persons that are required to be Aboriginal and Torres Strait Islander persons is not in breach of subsection (1) only because that increased number or percentage is not attained.
An Aboriginal and Torres Strait Islander corporation must meet the Indigeneity requirement set out in section 29-5 at all times.
Note:
Section 26-1 also requires the Indigeneity requirement (explained in section 29-5 ) to be met at registration of the corporation.
141-10(2)
However, the corporation ' s constitution may provide that the corporation must have a number or percentage of persons who are Aboriginal and Torres Strait Islander persons that is higher than the number or percentage required in the Indigeneity requirement.
141-10(3)
An Aboriginal and Torres Strait Islander corporation that does increase the number or percentage of persons that are required to be Aboriginal and Torres Strait Islander persons is not in breach of subsection (1) only because that increased number or percentage is not attained.
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