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 57 - Introduction  

SECTION 57-1   WHAT THIS PART IS ABOUT  

The rules dealing with the internal governance of an Aboriginal and Torres Strait Islander corporation are of 4 kinds:

  • (a) common law rules; and
  • (b) rules in this Act that cannot be replaced by the corporation ' s constitution; and
  • (c) replaceable rules in this Act that may be modified or replaced by the corporation ' s constitution; and
  • (d) rules that are in the corporation ' s constitution.

    • Some of the rules in paragraph (d):

  • (a) may be required by this Act to be in the constitution; or
  • (b) may be there to modify or replace a replaceable rule; or
  • (c) may be there as a special rule applying to that particular corporation.

    • This Part deals with the rules in paragraphs (c) and (d) and refers to them as internal governance rules of the corporation (see section 63-1 ).

    The corporation may choose to adopt all or some of the replaceable rules as rules of its internal governance.

    The corporation ' s internal governance rules must comply with the internal governance rules requirements (see Division 66 ).

    There are a number of ways the corporation ' s constitution may be changed. Any changes must comply with the internal governance rules requirements (see Division 69 ).

    Division 72 deals with other matters concerning constitutions.

     

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