Corporations (Aboriginal and Torres Strait Islander) Act 2006

CHAPTER 3 - BASIC FEATURES OF AN ABORIGINAL AND TORRES STRAIT ISLANDER CORPORATION  

PART 3-2 - RULES DEALING WITH THE INTERNAL GOVERNANCE OF CORPORATIONS  

Division 60 - What are the replaceable rules and when do they apply to a corporation?  

SECTION 60-1   REPLACEABLE RULES  
Which are the replaceable rules?

60-1(1)    
A section or subsection whose heading contains the words " replaceable rule - see section 60-1 " is a replaceable rule.

To which corporations do the replaceable rules apply?

60-1(2)    
The replaceable rules apply to:

(a)    an Aboriginal and Torres Strait Islander corporation (not being a corporation to which paragraph (b) applies) that is registered on or after the day this section commences (the commencing day ); and

(b)    an Aboriginal and Torres Strait Islander corporation:

(i) that was registered under the Aboriginal Councils and Associations Act 1976 as an Aboriginal corporation immediately before the commencing day; and

(ii) that repeals its constitution after the commencing day;

except to the extent to which the rules are modified or replaced by the corporation ' s constitution as provided for in section 60-5 .