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ORIC has a range of corporate documents that set our regulatory approach and priorities.
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This framework outlines the Registrar's approach to ensuring corporations comply with the Corporations (Aboriginal and Torres Strait Islander) Act 2006.
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This workshop provides a basic introduction to understanding finances in Aboriginal and Torres Strait Islander corporations.
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When a corporation gives an asset or money to a person or group with a close relationship to the corporation, this is called a related party financial benefit.
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The CATSI Act requires every corporation to prepare one or more reports every year and give them to members as well as lodge them for publishing on the Register of Aboriginal and Torres Strait Islander Corporations. Meeting your reporting obligations is important because it:
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A corporation’s members make important decisions about how the corporation is run. They decide who its directors are, how it spends its money, and how it manages its operations.
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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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Two or more Aboriginal and Torres Strait Islander corporations can apply to form a new corporation. This is called ‘amalgamating’.
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Follow steps to make sure you have everything you need to lodge your application to register under the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI Act).
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Every corporation registered under the CATSI Act is listed in the Register of Aboriginal and Torres Strait Islander Corporations.
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When your corporation is registered, we will send you a certificate of registration, which has your Indigenous Corporation Number (ICN) on it, send you the approved rule book and publish details of your corporation on the Register of Aboriginal and Torres Strait Islander Corporations.
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Corporation meetings are essential for communication, accountability and decision-making.
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Your rule book is your key governing document. It sets out the internal governance rules that apply to your corporation. It's important that it supports your corporation to practice good governance in a way that reflects your culture.
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Once a corporation has been placed under special administration, the Registrar will appoint a special administrator to resolve financial and organisational problems. The special administrator is a qualified, independent person who takes control and runs a corporation.
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This workshop will unpack the A-Z of governance and make sure you are fully aware of your legal obligation as a board or committee member.
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Corporations must keep a record of directors and notify ORIC of any changes to these records within 28 days of finding out.
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Directors must keep proper corporation accounts and records that correctly record and explain the corporation's transactions and explain the corporation’s financial position and performance.
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Corporations must keep a record of all membership applications given to the corporation and a register of current and former members.