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Corporations (Aboriginal and Torres Strait Islander) Bill 2006

Part 4-6 Exemption from operation of certain provisions of this Chapter

Division 187 Exemption from operation of certain provisions of this Chapter

187-1   What this Part is about

The Registrar may exempt an Aboriginal and Torres Strait Islander corporation from certain provisions of this Chapter. The Registrar may do so on application or on his or her own volition.

187-5   Exemption from certain provisions of this Chapter

             (1)  On an application made in accordance with subsection (3) in relation to an Aboriginal and Torres Strait Islander corporation, the Registrar may make a determination in writing exempting any of the following from the exemptible provisions of this Chapter specified in the Registrar’s determination:

                     (a)  the corporation itself;

                     (b)  the directors of the corporation.

Note:          For the criteria for making determinations under this section, see section 187-20.

             (2)  For the purposes of this section, the exemptible provisions of this Chapter are:

                     (a)  subsection 144-10(8); and

                     (b)  section 150-25; and

                     (c)  section 150-30; and

                     (d)  section 150-35.

             (3)  The application must:

                     (a)  specify the exemptible provisions in relation to which the exemption is being sought; and

                     (b)  be authorised by a resolution of the directors; and

                     (c)  be in writing and signed by a director; and

                     (d)  be lodged with the Registrar.

             (4)  The determination may:

                     (a)  be expressed to be subject to conditions; and

                     (b)  be indefinite or limited to a specified period.

             (5)  The Registrar may, in writing, revoke, vary or suspend the determination.

             (6)  The Registrar must give the applicant written notice within 28 days of the making, revocation, variation or suspension of the determination.

             (7)  A determination under subsection (1), or a revocation, variation or suspension under subsection (5), is not a legislative instrument.

187-10   Registrar may make determination even if application is incomplete

                   Despite subsection 187-5(3), the Registrar may make a determination even if the application does not specify the provisions in relation to which the exemption is being sought.

187-15   Registrar’s power to make determinations

             (1)  The Registrar may determine in writing that:

                     (a)  a specified Aboriginal and Torres Strait Islander corporation or a specified class of Aboriginal and Torres Strait Islander corporation; and

                     (b)  the directors of a specified Aboriginal and Torres Strait Islander corporation or of a specified class of Aboriginal and Torres Strait Islander corporation (as the case may be);

are exempted from the exemptible provision of this Chapter specified in the Registrar’s determination.

Note:          For the criteria for making determinations under this section, see section 187-20.

             (2)  For the purposes of this section, the exemptible provisions of this Chapter are:

                     (a)  subsection 144-10(8); and

                     (b)  section 150-25; and

                     (c)  section 150-30; and

                     (d)  section 150-35.

             (3)  The determination may:

                     (a)  be expressed to be subject to conditions; and

                     (b)  be indefinite or limited to a specified period.

             (4)  The Registrar may, in writing, revoke, vary or suspend the determination.

             (5)  Notice of the making, revocation, variation or suspension of a determination in relation to a specified class of Aboriginal and Torres Strait Islander corporation, or the directors of a specified class of Aboriginal and Torres Strait Islander corporation, must be published in the Gazette .

             (6)  A determination under subsection (1) in relation to:

                     (a)  a specified class of Aboriginal and Torres Strait Islander corporation; or

                     (b)  the directors of a specified class of Aboriginal and Torres Strait Islander corporation;

is a legislative instrument.

             (7)  A determination under subsection (1) in relation to:

                     (a)  a specified Aboriginal and Torres Strait Islander corporation; or

                     (b)  the directors of a specified Aboriginal and Torres Strait Islander corporation;

is not a legislative instrument.

187-20   Criteria for determinations

             (1)  In making a determination under section 187-5 or 187-15, the Registrar must be satisfied that the requirements of the relevant exemptible provisions of this Chapter would:

                     (a)  be inappropriate in the circumstances; or

                     (b)  impose unreasonable burdens.

Unreasonable burden

             (2)  In deciding for the purposes of subsection (1) if the relevant exemptible provisions impose an unreasonable burden on the corporation or corporations, the Registrar is to have regard to:

                     (a)  the expected costs of complying with the obligations; and

                     (b)  the expected benefits of having the corporation or corporations comply with the obligations; and

                     (c)  any practical difficulties that the corporation or corporations face in complying effectively with the obligations; and

                     (d)  any other matters that the Registrar considers relevant.