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Corporations (Aboriginal and Torres Strait Islander) Bill 2006

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5096

2004-2005-2006

 

The Parliament of the

Commonwealth of Australia

 

THE SENATE

 

 

 

Corporations (Aboriginal and Torres Strait Islander) Bill 2006

 

 

 

(1)     Clause 246-25, page 195 (line 20), omit “2 years”, substitute “3 years”.

[term of appointment for directors]

(2)     Clause 487-10, page 392 (lines 7 to 11), omit paragraphs (1)(a) and (b), substitute:

                     (a)  give the corporation notice in writing including the particulars of the grounds that would justify such a determination; and

                     (b)  invite the corporation to show cause, within a reasonable period specified in the notice, why the determination should not be made; and

                     (c)  consider any representations the corporation makes to the Registrar within that period.

[provide reasons to appoint special administrator]

(3)     Clause 658-1, page 523 (after line 33), after paragraph (1)(i), insert:

                            (ia)  to inform the Minister about any issues affecting the independence of the office.

[independence of registrar' s office]

(4)     Clause 658-5, page 524 (line 28), at the end of clause 658-5, add:

             ; and (f)  to maintain the independence and integrity of the office in the exercise of his or her functions.

[independence of registrar' s office]

(5)     Page 524 (after line 28), after clause 658-5, insert:

658-6  Exemption orders to be responded to expeditiously

                   For the purposes of paragraph 658-5(b), the Registrar must provide a response within a reasonable period to any application for exemption from the operation of this Act to ensure that the applicant corporation is not unduly burdened by uncertainty or ongoing and inappropriate compliance requirements.

[exemption orders to be responded to expeditiously]