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Corporations (Aboriginal and Torres Strait Islander) Consequential, Transitional and Other Measures Bill 2006

2004-2005-2006

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

Presented and read a first time

 

 

 

 

 

 

 

Corporations (Aboriginal and Torres Strait Islander) Consequential, Transitional and Other Measures Bill 2006

 

No.      , 2006

 

(Families, Community Services and Indigenous Affairs)

 

 

 

A Bill for an Act to deal with transitional and consequential matters relating to the enactment of the Corporations (Aboriginal and Torres Strait Islander) Act 2006 and to amend the Native Title Act 1993 , and for related purposes

   

   



Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 2

3............ Schedule(s)......................................................................................... 2

Schedule 1—Amendment of the Native Title Act 1993                                    3

Native Title Act 1993                                                                                                   3

Schedule 2—Repeal and amendment of other Acts                                           5

Part 1—Repeal                                                                                                                   5

Aboriginal Councils and Associations Act 1976                                                   5

Part 2—Amendment of Acts                                                                                     6

Aboriginal and Torres Strait Islander Act 2005                                                    6

Aboriginal Land (Lake Condah and Framlingham Forest) Act 1987                6

Aboriginal Land Rights (Northern Territory) Act 1976                                      10

Age Discrimination Act 2004                                                                                   16

Commonwealth Authorities and Companies Act 1997                                       16

Commonwealth Volunteers Protection Act 2003                                                 16

Criminal Code Act 1995                                                                                           17

Environment Protection and Biodiversity Conservation Act 1999                  17

Income Tax Assessment Act 1936                                                                             18

Remuneration Tribunal Act 1973                                                                            18

Schedule 3—Transitional provisions                                                                         19

Part 1—Preliminary                                                                                                       19

Part 2—Bringing transitional corporations across to new system          22

Division 1—Registration under the new Act                                                          22

Division 2—Classification of transitional corporations                                       23

Division 3—First constitution                                                                                   27

Division 4—Other effects of registration                                                                29

Division 5—Members and observers                                                                      31

Division 6—Directors                                                                                                 33

Division 7—Meetings                                                                                                 38

Division 8—Related party benefits                                                                         39

Division 9—Record keeping                                                                                     39

Division 10—Reporting for financial year ending on 30 June 2007                 40

Division 11—Reporting for financial year ending on 30 June 2008                 43

Division 12—Reporting exemptions                                                                       45

Division 13—Enforcement                                                                                       46

Division 14—Special administration                                                                       47

Division 15—Winding up                                                                                          47

Part 3—Matters pending under old Act immediately before commencement      49

Division 1—Applications for incorporation                                                           49

Division 2—Application for name change                                                             52

Division 3—Changes to constitution                                                                       53

Division 4—Meetings called before commencement                                          55

Division 5—Compliance and enforcement steps                                                 58

Division 6—Administrations                                                                                     59

Division 7—Corporations Act administrations                                                     63

Division 8—Windings up                                                                                           64

Division 9—Deregistration and reinstatement                                                       67

Part 4—Administrative matters, compliance and enforcement              70

Division 1—Compliance and enforcement                                                           70

Division 2—The Registrar                                                                                         74

Division 3—Other administrative matters                                                              75

 



A Bill for an Act to deal with transitional and consequential matters relating to the enactment of the Corporations (Aboriginal and Torres Strait Islander) Act 2006 and to amend the Native Title Act 1993 , and for related purposes

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the Corporations (Aboriginal and Torres Strait Islander) Consequential, Transitional and Other Measures Act 2006 .

2   Commencement

             (1)  Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provision(s)

Commencement

Date/Details

1.  Sections 1 to 3 and anything in this Act not elsewhere covered by this table

The day on which this Act receives the Royal Assent.

 

2.  Schedules 1, 2 and 3

At the same time as the Corporations (Aboriginal and Torres Strait Islander) Act 2006 commences.

 

Note:          This table relates only to the provisions of this Act as originally passed by both Houses of the Parliament and assented to. It will not be expanded to deal with provisions inserted in this Act after assent.

             (2)  Column 3 of the table contains additional information that is not part of this Act. Information in this column may be added to or edited in any published version of this Act.

3   Schedule(s)

                   Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.