Registered Native Title Bodies Corporate Legislation Amendment Regulations 2021 (F2021L00292)

Schedule 1   Amendments

Native Title (Prescribed Bodies Corporate) Regulations 1999

32   After subregulation 6(1)

Insert:

Body corporate that makes compensation application in relation to extinguished area

(1A) For the purposes of section 58 of the Act, a registered native title body corporate that:

(a) holds native title rights and interests in trust; and

(b) makes a compensation application on behalf of all the persons who claim to be entitled to the compensation;

has the following functions:

(c) to consult with the persons who claim to be entitled to the compensation in accordance with regulation 8B;

(d) to hold in trust payments received as compensation;

(e) to invest or otherwise apply the money held in trust as directed by the persons entitled to the compensation;

(f) to perform any other function relating to the compensation as directed by the persons entitled to the compensation.

General