Corporations (Aboriginal and Torres Strait Islander) Act 2006

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

PART 3-5 - CORPORATION POWERS AND HOW THEY ARE EXERCISED  

Division 96 - What are a corporation ' s powers?  

SECTION 96-1   LEGAL CAPACITY AND POWERS  

96-1(1)    
An Aboriginal and Torres Strait Islander corporation has the legal capacity and powers of an individual within and outside Australia.

96-1(2)    
An Aboriginal and Torres Strait Islander corporation also has all the powers of a body corporate, including the power to, if the corporation ' s constitution permits, distribute any of the corporation ' s property among the members, in kind or otherwise.

96-1(3)    
An Aboriginal and Torres Strait Islander corporation ' s legal capacity to do something is not affected by the fact that the corporation ' s interests are not, or would not be, served by doing it.

96-1(4)    
For the avoidance of doubt, this section does not:

(a)    authorise an Aboriginal and Torres Strait Islander corporation to do an act that is prohibited by a law of a State or Territory; or

(b)    give an Aboriginal and Torres Strait Islander corporation a right that a law of a State or Territory denies to the corporation.