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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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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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Our relationships – with our family, friends, community and organisations – create obligations or responsibilities to others. We call these ‘interests’. You may have an interest in something:
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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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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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Corporation meetings are essential for communication, accountability and decision-making.
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There are requirements for a group to register and stay registered under the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI Act).
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Two or more Aboriginal and Torres Strait Islander corporations can join together to form a new corporation. This is called ‘amalgamating’.
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Register a new corporation; transfer registration of an existing entity; amalgamate 2 or more corporations; or reinstate registration of a deregistered corporation.
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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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Members and directors can pass resolutions without a meeting. These are called ‘circulating resolutions’. The proposed resolution is written down and sent to all the people who can vote on it.
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Learn about processes for the board to manage a conflict of interest.
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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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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:
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RNTBCs must have certain rules about disputes and membership eligibility in their rule books.
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Corporations need strong governance to be successful. This means directors run the corporation effectively with the help of management and staff. We provide information and resources so people directors can set up and manage good governance practices.
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An AGM is a gathering of members held once a year. It’s an important exercise in board accountability to members. The main purpose of an AGM is to allow members to: