Purpose, vision and values
The Office of the Registrar of Indigenous Corporations (ORIC) supports and regulates the corporations that are incorporated under the Act. It provides a tailored service that responds to the special needs of Aboriginal and Torres Strait Islander groups and corporations, and strives for national and international best practice in corporate governance. It offers advice on how to incorporate, delivers training for directors, members and key staff in good corporate governance, makes sure corporations comply with the law, and intervenes when needed.
ORIC is also known as the Office of the Registrar of Aboriginal and Torres Strait Islander Corporations – this is the statutory title under the CATSI Act. The name ORIC was adopted from 1 May 2008. From 1977 to 2007 ORIC was known as the Office of the Registrar of Aboriginal Corporations.
Our purpose
We regulate corporations registered under the CATSI Act – supporting them to be well governed in accordance with the CATSI Act and their own rule book.
We do this by:
- Registering corporations or transferring registrations to operate under the CATSI Act
- Regulating compliance with the CATSI Act
- Intervening when necessary and appropriate
- Training directors, members and key staff in good governance
- Supporting corporations to access services and resources
Our vision
Well-governed and self-determining Aboriginal and Torres Strait Islander corporations achieving their economic, social or cultural purpose.
Our key clients
We are focused on serving:
- Aboriginal and Torres Strait Islander individuals, groups and corporations
- people accessing the public registers under the CATSI Act – the Register of Aboriginal and Torres Strait Islander Corporations, and the Register of Disqualified Officers
- the Minister for Indigenous Australians, and agencies supporting the minister
- the Australian Government and state and territory governments
- agencies with interests in funds and/or assets controlled by Aboriginal and Torres Strait Islander corporations
- other agencies regulating the Indigenous corporate sector
- Indigenous peak bodies in critical sectors such as medical, housing, land holding and legal.
Portfolio agency and machinery of government changes
ORIC is part of the National Indigenous Australians Agency (NIAA). This change came into effect on 1 July 2019 when the executive agency was created.
ORIC's previous agencies were:
- Department of the Prime Minister and Cabinet (PMC) – on 18 September 2013 the Administrative Arrangements Orders moved Indigenous affairs to PMC.
- Department of Families, Housing, Community Services and Indigenous Affairs (FaHCSIA) – On 24 January 2006 ORAC (as it was called at the time) and the Office of Indigenous Policy Coordination (OIPC) became part of the new Families, Community Services and Indigenous Affairs (FaCSIA) portfolio, formerly the Department of Family and Community Services (FaCS). This new department was formed on 27 January 2006.
- Department of Immigration, Multicultural and Indigenous Affairs (DIMIA) – ORAC was transferred to DIMIA on 1 July 2004 after the Australian Government’s decision to abolish both the Aboriginal and Torres Strait Islander Commission (ATSIC) and Aboriginal and Torres Strait Islander Services (ATSIS) and distribute their programs and services to mainstream Australian Government agencies.
Budget
For details about the Budget see the National Indigenous Australians Agency website.