Corporations (Aboriginal and Torres Strait Islander) Act 2006
CHAPTER 4
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MEMBERS AND OBSERVERS
PART 4-3
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OBSERVERS
Division 158
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Observers
SECTION 158-5
OBSERVERS
Corporation may have observers
158-5(1)
An Aboriginal and Torres Strait Islander corporation ' s constitution may provide for the corporation to have observers.
Entitlement of observer to attend general meeting (replaceable rule - see section 60-1)
158-5(2)
An observer is entitled to attend a general meeting of the corporation but is not a member of the corporation.
Other matters for which constitution must provide if corporation has observers
158-5(3)
If the constitution provides for the corporation to have observers, the constitution must also provide for the following matters: (a) the application process for becoming an observer of the corporation; (b) the eligibility criteria for becoming an observer of the corporation; (c) the obligations (if any) imposed on an observer of the corporation; (d) the rights (if any) that an observer has in relation to the corporation; (e) how an observer ceases to be an observer of the corporation.
Corporation may have observers
158-5(1)
An Aboriginal and Torres Strait Islander corporation ' s constitution may provide for the corporation to have observers.
Entitlement of observer to attend general meeting (replaceable rule - see section 60-1)
158-5(2)
An observer is entitled to attend a general meeting of the corporation but is not a member of the corporation.
Note:
Only members of an Aboriginal and Torres Strait Islander corporation may vote at a meeting of the corporation (see section 201-115 ).
Other matters for which constitution must provide if corporation has observers
158-5(3)
If the constitution provides for the corporation to have observers, the constitution must also provide for the following matters: (a) the application process for becoming an observer of the corporation; (b) the eligibility criteria for becoming an observer of the corporation; (c) the obligations (if any) imposed on an observer of the corporation; (d) the rights (if any) that an observer has in relation to the corporation; (e) how an observer ceases to be an observer of the corporation.
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