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CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 290.5

Corporation must lodge material that will be put to members with the Registrar

  (1)   At least 14 days before the notice convening the relevant meeting is given, the Aboriginal and Torres Strait Islander corporation must lodge:

  (a)   a proposed notice of meeting setting out the text of the proposed resolution; and

  (b)   a proposed explanatory statement satisfying section   290 - 10; and

  (c)   any other document that is proposed to accompany the notice convening the meeting and that relates to the proposed resolution; and

  (d)   any other document that any of the following proposes to give to members of the corporation before or at the meeting:

  (i)   the corporation;

  (ii)   a related party of the corporation to whom the proposed resolution would permit a financial benefit to be given;

  (iii)   an associate of the corporation or of such a related party;

    and can reasonably be expected to be material to a member in deciding how to vote on the proposed resolution.

Penalty:   5 penalty units.

  (2)   An offence against subsection   (1) is an offence of strict liability.

Note:   For strict liability , see section   6.1 of the Criminal Cod e.

  (3)   If, when the notice convening the meeting is given, the Registrar:

  (a)   has approved in writing a period of less than 14 days for the purposes of subsection   (1); and

  (b)   has not revoked the approval by written notice to the corporation;

subsection   (1) applies as if the reference to 14 days were a reference to the approved period.

  (4)   An approval under subsection   (3) is not a legislative instrument.

  (5)   The Registrar may give and revoke approvals for the purposes of subsection   (3).



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