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Directors control the corporation’s business. Your rule book will set out the powers and functions of directors.It takes a lot of time and effort to be a director. Directors need to:
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Every corporation and the Registrar need to keep a record of director appointments and the personal details of each director. Director personal details are:
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ORIC is within the National Indigenous Australians Agency (NIAA).NIAA is subject to the Freedom of Information Act 1982 (FOI Act) and must comply with the Information Publication Scheme (IPS).
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There are many benefits to working with other organisations, from accessing funding to increasing your reach in the community. This training will help you understand the legal side of the various options available for working together, and what they might mean for your corporation.
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Customised training can help your corporation with an area you’d like to focus on. We can tailor training to meet the needs of a group or your whole corporation. Workshops can be held all over Australia. The most common locations are:
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We cover the costs of course delivery and materials for our workshops. We may also be able to help with the costs of getting to and from a workshop that run for more than one day.Eligibility for travel support To be eligible to apply for travel support:
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A financial report details a corporation's financial performance and position. It must be prepared in line with the Australian Accounting Standards.
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Having a good recruitment process will ensure you get the right person for your corporation and have the best resources to achieve your aims.
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Workplace relations systemsEmployees in every state and territory except Western Australia are covered by the federal industrial relations system (sometimes called the national workplace relations system) under the Fair Work Act.
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These other organisations are linked with the CATSI Act or other Aboriginal and Torres Strait Islander legislation or government activities. They may support your work to benefit your community.
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ORIC can collaborate with you to design and deliver a one-off training workshop or a longer-term support and mentoring plan to assist your board achieve particular learning and development goals or address a specific challenge you're facing.
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Starting a corporation requires a lot of effort and commitment. It’s important to know what's involved and whether it's right for you. If it is, then do your best to set up a good structure from the start.Some things to consider:
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Hear from one of Directors Australia’s board recruitment head-hunting specialist on director recruitment.
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What is this training about?This workshop is designed to equip participants with general knowledge and skills for being a director of an Aboriginal and Torres Strait Islander corporation.
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Your corporation demonstrates accountability through its reporting to stakeholders on corporation performance and position.
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If your corporation is registered under the CATSI Act as a medium or large corporation, you might need an auditor. An auditor helps the corporation stay compliant with its financial duties.Who can be an auditorAn auditor must be a qualified and registered professional who:
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Avoid penalties by meeting your reporting obligations. Doing correct and timely reporting is positive for your corporation and the sector as a whole. Lodging reports on time shows your corporation takes its accountability and reporting obligations seriously.
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An audit report is an independent evaluation of a corporation's financial report.Corporations that need an audit reportYour corporation must lodge an audit report each year if it’s a:
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Your corporation may have reporting obligations with other regulators and stakeholders such as the examples below.
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Your corporation size determines whether you have a contact person or a secretary.Contact personIf your corporation is small or medium-sized it will have a contact person.