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CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 57.1

What this Part is about

The rules dealing with the internal governance of an Aboriginal and Torres Strait Islander corporation are of 4 kinds:

  (a)   common law rules; and

  (b)   rules in this Act that cannot be replaced by the corporation's constitution; and

  (c)   replaceable rules in this Act that may be modified or replaced by the corporation's constitution; and

  (d)   rules that are in the corporation's constitution.

Some of the rules in paragraph   (d):

  (a)   may be required by this Act to be in the constitution; or

  (b)   may be there to modify or replace a replaceable rule; or

  (c)   may be there as a special rule applying to that particular corporation.

This Part deals with the rules in paragraphs   (c) and (d) and refers to them as internal governance rules of the corporation (see section   63 - 1).

The corporation may choose to adopt all or some of the replaceable rules as rules of its internal governance.

The corporation's internal governance rules must comply with the internal governance rules requirements (see Division   66).

There are a number of ways the corporation's constitution may be changed. Any changes must comply with the internal governance rules requirements (see Division   69).

Division   72 deals with other matters concerning constitutions.



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