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 60 - What are the replaceable rules and when do they apply to a corporation?  

SECTION 60-5  

60-5   CORPORATION ' S CONSTITUTION CAN MODIFY OR REPLACE REPLACEABLE RULES  
A provision of a section or subsection of a replaceable rule that applies to an Aboriginal and Torres Strait Islander corporation can be modified or replaced by the corporation ' s constitution.

Note:

In modifying or replacing a replaceable rule, an Aboriginal and Torres Strait Islander corporation must ensure that the matter covered by the original replaceable rule is provided for in the corporation ' s constitution. If it is not, then the constitution may not be covering the matters provided for in the replaceable rules (see section 66-1 ).

 

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