More accountability, less red tape
The Australian Government is proposing reforms to strengthen and improve the Corporations (Aboriginal and Torres Strait Islander) 2006 (CATSI Act). The reforms are intended to benefit Aboriginal and Torres Strait Islander corporations by reducing red tape, especially for small corporations. Other proposed changes seek to increase transparency for members. There are also minor changes to streamline and clarify some parts of the CATSI Act.
The proposed changes cover the topics of:
- size classifications
- rule books
- prohibited names
- business structures
- meetings and reporting
- transparency of senior executives
- related third parties
- special administrations
- voluntary deregistration
- compliance powers.
For details of the proposed changes, download:
- a three-page summary (PDF 192kb)
- the 24-page discussion paper (PDF 358kb)—including information on making a written submission, and questions for you to consider
- a PDF of the presentation we're using to frame the consultation (1.3mb)—including illustrations and examples.
To ensure that the proposed changes will work and benefit Aboriginal and Torres Strait Islander corporations as intended, we will undertake consultations around Australia—see below for the schedule.
We also welcome written submissions, to CATSIreview@oric.gov.au, by 16 September.
|Tuesday, 7 August, 3.30–5.30pm||Coffs Harbour
Ex Services Club
2–6 Vernon Street
|Wednesday, 8 August, 3.30–5.30pm||Darwin
7 Kitchener Drive
|Monday, 13 August, 3.30–5.30pm||Broome
47 Carnarvon St
|Thursday, 16 August, 3.30–5.30pm||Kununurra
Kimberley Grande Resort
20 Victoria Highway
|Tuesday, 21 August, 3.30–5.30pm||Alice Springs
DoubleTree by Hilton Hotels
82 Barrett Drive
|Wednesday, 22 August, 3.30–5.30pm||Perth
Liberty conference room
197 St Georges Terrace
|Friday, 24 August, 12.30–2.30pm||Adelaide
26 Franklin Street
|Monday, 27 August, 3.30–5.30pm||Cairns
4 Skyrail Drive
|Tuesday, 28 August, 10am–12noon||Dubbo
Dubbo RSL Club Resort
Cnr Brisbane and Wingewarra streets
|Wednesday, 29 August, 3.30–5.30pm||Sydney
National Centre for Indigenous Excellence
166–180 George Street
|Wednesday, 29 August, 6–8pm||Thursday Island
Port Kennedy Hall
64–66 Douglas St
|Monday, 3 September, 10.30am–12.30pm||Melbourne
Novotel Melbourne St Kilda
16 The Esplanade, St Kilda
|Thursday, 13 September, 12.30pm–2.00pm||Canberra
Centraplaza, ground floor—Warlpiri room
16 Bowes Place, Woden
|Friday, 14 September, 10.30am–12.30pm||Brisbane
Christie Conference Spaces
320 Adelaide Street
After the consultation
We will use comments and feedback from stakeholders to help identify any issues with implementing the proposed amendments to the CATSI Act, and to ensure corporations can comply with them.
Feedback will also be used in the preparation of guidance and support to help corporations understand and implement the changes when they take effect.
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Background: Technical review of the CATSI Act
On 5 July 2017, the Minister for Indigenous Affairs, Nigel Scullion, announced that ORIC would lead a technical review of the CATSI Act.
The technical review was conducted in late 2017 and included stakeholder consultation. The CATSI Act commenced on 1 July 2007, and this was the first time a comprehensive review had been undertaken since the legislation came into effect. The purpose of the review was to explore ways to strengthen and improve the CATSI Act and aligning it with recent changes in corporate law and regulation, particularly in the Corporations Act 2001. The following documents explain the scope of the review and introduce the issues:
The review found a range of opportunities to make the law stronger and allow corporations to use it more effectively. Based on recommendations from the review, drafting of a Bill to amend the CATSI Act is now in progress.