Corporations (Aboriginal and Torres Strait Islander) Act 2006
Directors appointed on registration (replaceable rule - see section 60-1)
246-25(1)
If a director has been identified in the application for registration of an Aboriginal and Torres Strait Islander corporation as a director who is to be appointed for only one year, the director ' s appointment ends at the first AGM that occurs more than one year after the date of the corporation ' s registration.
Other directors
246-25(2)
Subject to subsection (4) , a director of an Aboriginal and Torres Strait Islander corporation must not be appointed for a period exceeding 2 years.
Note:
An application may be made to exempt the directors of the corporation from the requirements of this subsection (see section 310-5 ).
Director may be reappointed (replaceable rule - see section 60-1)
246-25(3)
A director is eligible for reappointment.
Appointments continue to next general meeting
246-25(4)
If the terms of appointment of all of the directors of an Aboriginal and Torres Strait Islander corporation expire so that there are no directors appointed at a particular time, the terms are extended until the next general meeting occurring after the expiry of the term of the director whose appointment was last to expire.
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