Corporations (Aboriginal and Torres Strait Islander) Act 2006

CHAPTER 6 - OFFICERS  

PART 6-4 - DUTIES AND POWERS OF DIRECTORS AND OTHER OFFICERS AND EMPLOYEES  

Division 274 - Powers of directors  

SECTION 274-15   RIGHT OF ACCESS TO CORPORATION BOOKS  
Right while director

274-15(1)    
A person who is a director of an Aboriginal and Torres Strait Islander corporation may inspect the books of the corporation (other than its financial records) for the purposes of a legal proceeding:

(a)    to which the person is a party; or

(b)    that the person proposes in good faith to bring; or

(c)    that the person has reason to believe will be brought against him or her.

Note 1:

Section 322-25 gives the director a right of access to financial records.

Note 2:

See also section 376-1 .

Right during 7 years after ceasing to be director

274-15(2)    
A person who has ceased to be a director of an Aboriginal and Torres Strait Islander corporation may inspect the books of the corporation (including its financial records) for the purposes of a legal proceeding:

(a)    to which the person is a party; or

(b)    that the person proposes in good faith to bring; or

(c)    that the person has reason to believe will be brought against them.

This right continues for 7 years after the person ceased to be a director of the corporation.

Note:

See also section 376-1 .

Right to take copies

274-15(3)    
A person authorised to inspect books under this section for the purposes of a legal proceeding may make copies of the books for the purposes of those proceedings.

Corporation not to refuse access

274-15(4)    
An Aboriginal and Torres Strait Islander corporation must allow a person to exercise the person ' s rights to inspect or take copies of the books under this section.

Interaction with other rules

274-15(5)    
This section does not limit any right of access to corporation books that a person has apart from this section.

 

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