Corporations (Aboriginal and Torres Strait Islander) Act 2006
CHAPTER 5
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MEETINGS
PART 5-2
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GENERAL MEETINGS
Division 201
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What are the rules concerning general meetings?
Subdivision 201-G
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First general meeting and annual general meetings
SECTION 201-150
CORPORATION MUST HOLD AGM
201-150(1)
An Aboriginal and Torres Strait Islander corporation must hold an AGM within 5 months after the end of its financial year.
201-150(2)
An offence against subsection (1) is an offence of strict liability.
201-150(3)
An AGM is to be held in addition to any other meetings held by an Aboriginal and Torres Strait Islander corporation in the year.
201-150(4)
An Aboriginal and Torres Strait Islander corporation that has only 1 member is not required to hold an AGM under this section.
An Aboriginal and Torres Strait Islander corporation must hold an AGM within 5 months after the end of its financial year.
Penalty: 10 penalty units.
201-150(2)
An offence against subsection (1) is an offence of strict liability.
Note:
For strict liability , see section 6.1 of the Criminal Code .
201-150(3)
An AGM is to be held in addition to any other meetings held by an Aboriginal and Torres Strait Islander corporation in the year.
201-150(4)
An Aboriginal and Torres Strait Islander corporation that has only 1 member is not required to hold an AGM under this section.
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