House of Representatives
Corporations Amendment (Aboriginal and Torres Strait Islander Corporations) Bill 2006
Explanatory Memorandum
(circulated by authority of the Minister for Families, Community Services and Indigenous Affairs, the Honourable Mal Brough, MP)2. Contents
| 1. OUTLINE | II |
| Purpose | ii |
| Effect of Principal Provisions | ii |
| Background | ii |
| Financial impact statement | ii |
| 2. CONTENTS | 2 |
| 3. ABBREVIATIONS | 2 |
| 4. NOTES ON CLAUSES - OVERVIEW | 2 |
| Introduction | 2 |
| Section 57A of the Corporations Act : meaning of corporation | 2 |
| Winding-up and receivers | 2 |
| Duties of officers and employees | 2 |
| Disqualification of a person from managing corporations | 2 |
| Companies transferring from the Corporations Act to the CATSI Bill | 2 |
| Courts, proceedings and offences | 2 |
| Legislative matters | 2 |
| 5. NOTES ON CLAUSES - DETAILS | 2 |
| Preliminary material | 2 |
| Schedule 1-Amendments of Corporations Act 2001 | 2 |