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 72 - Other matters concerning constitutions etc.  

SECTION 72-10   CONSTITUTION MAY LIMIT POWERS  

72-10(1)    
An Aboriginal and Torres Strait Islander corporation ' s constitution may contain an express restriction on, or a prohibition of, the corporation ' s exercise of any of its powers. The exercise of a power by the corporation is not invalid merely because it is contrary to an express restriction or prohibition in the corporation ' s constitution.

72-10(2)    
An act of the corporation is not invalid merely because it is contrary to or beyond the objects set out in the corporation ' s constitution.


 

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