AIATSIS response to Office of the Registrar of Indigenous Corporations (ORIC) Technical Review of the Corporations (Aboriginal and Torres Strait Islander Act) 2006

The following submission was made as part of the technical review of the Corporations (Aboriginal and Torres Strait Islander Act) 2006 (Cth) (CATSI Act).

In the submission we have supported further investigation of a dedicated chapter in the CATSI Act for RNTBCs (native title corporations) and our main recommendations include:

• Amendments to the CATSI Act to reduce the regulatory and reporting burden to ensure compliance is affordable and manageable
• Amendments to the CATSI Act that facilitate the incorporation of subsidiary corporations
• Increased special regulatory assistance for CATSI Corporations that promote compliance rather than punitive measures
• Specific tailored RNTBC corporate governance training
• Making the unique situation of native title corporations clear in a separate chapter of legislation
• Amendments to the laws around meetings and directors that better reflect Aboriginal and Torres Strait Islander law and custom
• Providing culturally appropriate training, information support and resourcing is available for native title corporations
• Ensuring that native title corporations are accountable to the wider Aboriginal and Torres Strait Islander group but have enough discretion to manage the corporation