Corporations (Aboriginal and Torres Strait Islander) Act 2006
An Aboriginal and Torres Strait Islander corporation has the legal capacity and powers of an individual within and outside Australia.
96-1(2)
An Aboriginal and Torres Strait Islander corporation also has all the powers of a body corporate, including the power to, if the corporation ' s constitution permits, distribute any of the corporation ' s property among the members, in kind or otherwise.
96-1(3)
An Aboriginal and Torres Strait Islander corporation ' s legal capacity to do something is not affected by the fact that the corporation ' s interests are not, or would not be, served by doing it.
96-1(4)
For the avoidance of doubt, this section does not: (a) authorise an Aboriginal and Torres Strait Islander corporation to do an act that is prohibited by a law of a State or Territory; or (b) give an Aboriginal and Torres Strait Islander corporation a right that a law of a State or Territory denies to the corporation.
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