Corporations (Aboriginal and Torres Strait Islander) Act 2006
Registrar ' s power to make specific declarations
268-25(1)
The Registrar may declare in writing that a director of an Aboriginal and Torres Strait Islander corporation who has a material personal interest in a matter that is being, or is to be, considered at a directors ' meeting may, despite the director ' s interest: (a) be present while the matter is being considered at the meeting; or (b) vote on the matter; or (c) both be present and vote.
268-25(2)
A declaration under subsection (1) is not a legislative instrument.
268-25(3)
However, the Registrar may only make the declaration if: (a) the number of directors entitled to be present and vote on the matter would be less than the quorum for a directors ' meeting if the director were not allowed to vote on the matter at the meeting; and (b) the matter needs to be dealt with urgently, or there is some other compelling reason for the matter being dealt with at the directors ' meeting, rather than by a general meeting called under subsection 268-20(6) .
268-25(4)
A declaration under subsection (1) may: (a) apply to all or only some of the directors; or (b) specify conditions that the corporation or director must comply with.
Registrar ' s power to make class orders
268-25(5)
The Registrar may make an order in writing that enables directors who have a material personal interest in a matter to be present while the matter is being considered at a directors ' meeting, vote on that matter, or both be present and vote. The order may be made in respect of a specified class of Aboriginal and Torres Strait Islander corporation, directors, resolutions or interests.
268-25(6)
An order made under subsection (5) in respect of a class of Aboriginal and Torres Strait Islander corporation is a legislative instrument.
268-25(7)
The order may be expressed to be subject to conditions.
268-25(8)
Notice of the making, revocation or suspension of the order must be published in the Gazette .
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