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The term of appointment is how long a person is appointed to be a director. When their term expires the director must stopA person cannot continue to act as a director once their term has expired. They are not a director.
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Information for corporationsThe Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI Act) specifies terms for corporations’ directors.
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CATSI conversations
Conflict and disagreement on a board can be good for a corporation, but they also have the potential to lead to complex…
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A corporation’s income, assets and number of staff in a financial year determine its size. The size of a corporation changes its responsibilities under the CATSI Act. This is so corporations do an amount of administration and reporting that is fair to their abilities.
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Corporations can ask for exemptions from requirements about meetings. This includes general meetings, directors’ meetings, minutes of meetings.
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Your corporation demonstrates accountability through its reporting to stakeholders on corporation performance and position.
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There are certain parts of the CATSI Act that the Registrar can grant exemptions for. An exemption means that a corporation does not have to comply with that part of the Act.Exemptions may: