Corporations (Aboriginal and Torres Strait Islander) Act 2006
CHAPTER 2
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ABORIGINAL AND TORRES STRAIT ISLANDER CORPORATIONS
PART 2-4
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REGISTRATION OF AN ABORIGINAL AND TORRES STRAIT ISLANDER CORPORATION AS A SMALL, MEDIUM OR LARGE CORPORATION
Division 37
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Registration of an Aboriginal and Torres Strait Islander corporation as a small, medium or large corporation
SECTION 37-1
REGISTRAR TO REGISTER ABORIGINAL AND TORRES STRAIT ISLANDER CORPORATION AS A SMALL, MEDIUM OR LARGE CORPORATION
37-1(1)
On the registration of an Aboriginal and Torres Strait Islander corporation, the Registrar must register the corporation as a small, medium or large corporation.
37-1(2)
The Registrar may register the corporation as a small corporation only if: (a) the application for registration indicates; or (b) the Registrar is otherwise satisfied; that the corporation is likely to be a small corporation in respect of its first financial year.
37-1(3)
The Registrar may register the corporation as a medium corporation only if: (a) the application for registration indicates; or (b) the Registrar is otherwise satisfied; that the corporation is likely to be a medium corporation in respect of its first financial year.
37-1(4)
The Registrar may register the corporation as a large corporation only if: (a) the application for registration indicates; or (b) the Registrar is otherwise satisfied; that the corporation is likely to be a large corporation in respect of its first financial year.
On the registration of an Aboriginal and Torres Strait Islander corporation, the Registrar must register the corporation as a small, medium or large corporation.
Note:
The classification determines the reports the corporation has to prepare (see Chapter 7 ) and whether or not the corporation must have a registered office and a corporation secretary.
37-1(2)
The Registrar may register the corporation as a small corporation only if: (a) the application for registration indicates; or (b) the Registrar is otherwise satisfied; that the corporation is likely to be a small corporation in respect of its first financial year.
Note:
Subsection 37-10(1) sets out the criteria for determining whether the corporation is a small corporation for a particular financial year.
37-1(3)
The Registrar may register the corporation as a medium corporation only if: (a) the application for registration indicates; or (b) the Registrar is otherwise satisfied; that the corporation is likely to be a medium corporation in respect of its first financial year.
Note:
Subsection 37-10(2) sets out the criteria for determining whether the corporation is a medium corporation for a particular financial year.
37-1(4)
The Registrar may register the corporation as a large corporation only if: (a) the application for registration indicates; or (b) the Registrar is otherwise satisfied; that the corporation is likely to be a large corporation in respect of its first financial year.
Note:
Subsection 37-10(3) sets out the criteria for determining whether the corporation is a large corporation for a particular financial year.