CTHIn ForceAct
Corporations (Aboriginal and Torres Strait Islander) Act 2006
Sch 2to the Corporations Act means Schedule 2 to the Corporations Act 2001 and rules made under that Schedule.
Start here
Get a plain-English read of Sch 2
Turn the raw legal text into a practical explanation grounded in Corporations (Aboriginal and Torres Strait Islander) Act 2006.
Schedule 2 to the Corporations Act means Schedule 2 to the Corporations Act 2001 and rules made under that Schedule.
section 333‑5 report means a report that an Aboriginal and Torres Strait Islander corporation is required to prepare by regulations made for the purposes of section 333‑5.
securities has the meaning given by section 694‑75.
senior manager of an Aboriginal and Torres Strait Islander corporation means a person (other than a director or secretary of the corporation) who:
(a) makes, or participates in making, decisions that affect the whole, or a substantial part, of the business of the corporation; or
(b) has the capacity to affect significantly the corporation’s financial standing.
solvent has the meaning given by subsection 694‑80(1).
special administrator means a person appointed under subsection 490‑1(1).
special resolution means, in relation to an Aboriginal and Torres Strait Islander corporation, a resolution:
(a) of which notice as set out in paragraph 201‑35(1)(c) has been given; and
(b) that has been passed by at least 75% of the votes cast by members entitled to vote on the resolution.
spouse of a person includes a de facto partner of the person within the meaning of the Acts Interpretation Act 1901.
State Family Court, in relation to a State, means a court of that State to which section 41 of the Family Law Act 1975 applies because of a Proclamation made under subsection 41(2) of that Act.
State or Territory court means a court of a State, the Australian Capital Territory or the Northern Territory.
State or Territory Supreme Court means the Supreme Court of:
(a) a State; or
(b) the Australian Capital Territory; or
(c) the Northern Territory.
subsection 586‑5(3) proceeding means a proceeding with respect to a matter referred to in subsection 586‑5(3).
subsidiary, in relation to a body corporate, means a body corporate that is a subsidiary of the first‑mentioned body by virtue of Division 689.
superior court means the Federal Court of Australia, the Supreme Court of a State or Territory, the Federal Circuit and Family Court of Australia (Division 1) or a State Family Court.
superior court matter means a civil matter that this Act clearly intends (for example, by use of the expression the Court) to be dealt with only by a superior court.
this Act includes:
(a) the regulations; and
(b) any provision of the Corporations Act as applied by a provision of this Act.
Torres Strait Islander means a descendant of an Indigenous inhabitant of the Torres Strait Islands.
unclaimed property has the meaning given by section 551‑1.
under special administration has the meaning given by section 487‑25.
unincorporated body includes:
(a) an unincorporated association; and
(b) an unincorporated society.
wholly‑owned subsidiary, in relation to a body corporate (the holding body corporate), means a body corporate none of whose members is a person other than:
(a) the holding body corporate; or
(b) a nominee of the holding body corporate; or
(c) a subsidiary of the holding body corporate, being a subsidiary none of whose members is a person other than:
(i) the holding body corporate; or
(ii) a nominee of the holding body corporate; or
(d) a nominee of such a subsidiary.
Endnotes
The endnotes provide information about this compilation and the compiled law.
The following endnotes are included in every compilation:
Abbreviation key—Endnote 2
The abbreviation key sets out abbreviations that may be used in the endnotes.
Legislation history and amendment history—Endnotes 3 and 4
Amending laws are annotated in the legislation history and amendment history.
The legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation.
The amendment history in endnote 4 provides information about amendments at the provision (generally section or equivalent) level. It also includes information about any provision of the compiled law that has been repealed in accordance with a provision of the law.
Editorial changes
The Legislation Act 2003 authorises First Parliamentary Counsel to make editorial and presentational changes to a compiled law in preparing a compilation of the law for registration. The changes must not change the effect of the law. Editorial changes take effect from the compilation registration date.
If the compilation includes editorial changes, the endnotes include a brief outline of the changes in general terms. Full details of any changes can be obtained from the Office of Parliamentary Counsel.
Misdescribed amendments
A misdescribed amendment is an amendment that does not accurately describe how an amendment is to be made. If, despite the misdescription, the amendment can be given effect as intended, then the misdescribed amendment can be incorporated through an editorial change made under section 15V of the Legislation Act 2003.
If a misdescribed amendment cannot be given effect as intended, the amendment is not incorporated and “(md not incorp)” is added to the amendment history.
| ad = added or inserted | orig = original |
| --- | --- |
| am = amended | p = page(s) |
| amdt = amendment | para = paragraph(s)/subparagraph(s) |
| C[x] = Compilation No. x | /sub‑subparagraph(s) |
| ch = Chapter(s) | pres = present |
| cl = clause(s) | prev = previous |
| cont. = continued | (prev…) = previously |
| def = definition(s) | pt = Part(s) |
| Dict = Dictionary | r = regulation(s)/Court rule(s) |
| disallowed = disallowed by Parliament | reloc = relocated |
| div = Division(s) | renum = renumbered |
| ed = editorial change | rep = repealed |
| exp = expires/expired or ceases/ceased to have | rs = repealed and substituted |
| effect | s = section(s)/subsection(s) |
| gaz = gazette | /rule(s)/subrule(s)/order(s)/suborder(s) |
| LA = Legislation Act 2003 | sch = Schedule(s) |
| LIA = Legislative Instruments Act 2003 | SLI = Select Legislative Instrument |
| (md) = misdescribed amendment can be given | SR = Statutory Rules |
| effect | sub ch = Sub‑Chapter(s) |
| (md not incorp) = misdescribed amendment | sub div = Subdivision(s) |
| cannot be given effect | sub pt = Subpart(s) |
| mod = modified/modification | underlining = whole or part not |
| No. = Number(s) | commenced or to be commenced |
| Ord = Ordinance | |
| Act | Number and year | Assent | Commencement | Application, saving and transitional provisions |
| --- | --- | --- | --- | --- |
| Corporations (Aboriginal and Torres Strait Islander) Act 2006 | 124, 2006 | 4 Nov 2006 | 1 July 2007 | |
| Same‑Sex Relationships (Equal Treatment in Commonwealth Laws—General Law Reform) Act 2008 | 144, 2008 | 9 Dec 2008 | Schedule 6 (items 5–10): 10 Dec 2008 | — |
| Personal Property Securities (Consequential Amendments) Act 2009 | 131, 2009 | 14 Dec 2009 | Schedule 5 (items 21, 22): 30 Jan 2012 (see F2011L02397) | — |
| Crimes Legislation Amendment (Serious and Organised Crime) Act (No. 2) 2010 | 4, 2010 | 19 Feb 2010 | Schedule 10 (item 5): 20 Feb 2010 | — |
| Statute Law Revision Act 2010 | 8, 2010 | 1 Mar 2010 | Schedule 5 (item 137(a)): 1 Mar 2010 (see s 2(1) items 31 and 38) | — |
| Families, Housing, Community Services and Indigenous Affairs and Other Legislation Amendment (2009 Measures) Act 2010 | 38, 2010 | 13 Apr 2010 | Schedule 7 (items 9–26): 14 April 2010 | Sch. 7 (item 26) |
| Corporations and Other Legislation Amendment (Trustee Companies and Other Measures) Act 2011 | 24, 2011 | 12 Apr 2011 | Sch 1 (items 1, 2): 13 Apr 2011 (s 2(1) item 2) | — |
| Acts Interpretation Amendment Act 2011 | 46, 2011 | 27 June 2011 | Sch 2 (items 447–452) and Sch 3 (items 10, 11): 27 Dec 2011 (s 2(1) items 3, 12) | Sch 3 (items 10, 11) |
| Business Names Registration (Transitional and Consequential Provisions) Act 2011 | 127, 2011 | 3 Nov 2011 | Sch 2 (items 10–13): 20 Apr 2012 (s 2(1) item 4) | — |
| Personal Liability for Corporate Fault Reform Act 2012 | 180, 2012 | 10 Dec 2012 | Sch 6 (items 7–16) and Sch 7: 11 Dec 2012 (s 2) | Sch 7 |
| Statute Law Revision Act (No. 1) 2014 | 31, 2014 | 27 May 2014 | Sch 1 (item 13): 24 June 2014 (s 2(1) item 2) | — |
| Public Governance, Performance and Accountability (Consequential and Transitional Provisions) Act 2014 | 62, 2014 | 30 June 2014 | Sch 8 (items 81–83) and Sch 14: 1 July 2014 (s 2(1) items 6, 14) | Sch 14 |
| Public Governance and Resources Legislation Amendment Act (No. 1) 2015 | 36, 2015 | 13 Apr 2015 | Sch 2 (items 7–9) and Sch 7: 14 Apr 2015 (s 2) | Sch 7 |
| Acts and Instruments (Framework Reform) (Consequential Provisions) Act 2015 | 126, 2015 | 10 Sept 2015 | Sch 1 (item 486): 5 Mar 2016 (s 2(1) item 2) | — |
| Acts and Instruments (Framework Reform) (Consequential Provisions) Act 2015 | 126, 2015 | 10 Sept 2015 | Sch 1 (item 495): 5 Mar 2015 (s 2(1) item 2) | — |
| Norfolk Island Legislation Amendment Act 2015 | 59, 2015 | 26 May 2015 | Sch 2 (item 102): 1 July 2016 (s 2(1) item 5) Sch 2 (items 356–396): 18 June 2015 (s 2(1) item 6) | Sch 2 (items 356–396) |
| Territories Legislation Amendment Act 2016 | 33, 2016 | 23 Mar 2016 | Sch 2: 24 Mar 2016 (s 2(1) item 2) | — |
| Insolvency Law Reform Act 2016 | 11, 2016 | 29 Feb 2016 | Sch 2 (items 45–62): 1 Mar 2017 (s 2(1) item 3) | — |
| Corporations Amendment (Strengthening Protections for Employee Entitlements) Act 2019 | 44, 2019 | 5 Apr 2019 | Sch 1 (item 32): 6 Apr 2019 (s 2(1) item 1) | — |
| Treasury Laws Amendment (Combating Illegal Phoenixing) Act 2020 | 6, 2020 | 17 Feb 2020 | Sch 1 (items 81–92): 18 Feb 2020 (s 2(1) item 2) | — |
| Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020 | 69, 2020 | 22 June 2020 | Sch 2 (items 1–9): 4 Apr 2021 (s 2(1) item 6) | Sch 2 (item 9) |
| Treasury Laws Amendment (2020 Measures No. 6) Act 2020 | 141, 2020 | 17 Dec 2020 | Sch 4 (items 112, 113): 4 Apr 2021 (s 2(1) item 8) | — |
| Act (Register ID) | Number and year | Assent | Commencement | Application, saving and transitional provisions |
| --- | --- | --- | --- | --- |
| Native Title Legislation Amendment Act 2021 (C2021A00006) | 6, 2021 | 16 Feb 2021 | sch 8: 25 Mar 2021 (s 2(1) item 10) | sch 8 (items 19, 24, 30) |
| Federal Circuit and Family Court of Australia (Consequential Amendments and Transitional Provisions) Act 2021 (C2021A00013) | 13, 2021 | 1 Mar 2021 | sch 1 (items 241, 273, 274): 1 Mar 2023 (s 2(1) item 4) sch 2 (items 238‑253): 1 Sept 2021 (s 2(1) item 5) | sch 1 (items 273, 274) |
| Treasury Laws Amendment (2021 Measures No. 5) Act 2021 (C2021A00127) | 127, 2021 | 7 Dec 2021 | sch 2 (items 5‑23): 8 Dec 2021 (s 2(1) item 3) | sch 2 (item 23) |
| Treasury Laws Amendment (Modernising Business Communications and Other Measures) Act 2023 (C2023A00069) | 69, 2023 | 14 Sept 2023 | sch 4 (items 18, 19): 15 Sept 2023 (s 2(1) item 5) | — |
| Statute Law Amendment (Prescribed Forms and Other Updates) Act 2023 (C2023A00074) | 74, 2023 | 20 Sept 2023 | sch 1 (items 24‑26): 20 Mar 2024 (s 2(1) item 2) | sch 1 (item 26) |
| Treasury Laws Amendment (2023 Law Improvement Package No. 1) Act 2023 (C2023A00076) | 76, 2023 | 20 Sept 2023 | sch 2 (items 634, 635): 20 Oct 2023 (s 2(1) item 2) | — |
| Administrative Review Tribunal (Consequential and Transitional Provisions No. 2) Act 2024 (C2024A00039) | 39, 2024 | 31 May 2024 | sch 13 (items 7‑15): 14 Oct 2024 (s 2(1) item 2) | — |
| Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Act 2025 (C2025A00072) | 72, 2025 | 4 Dec 2025 | sch 4 (item 14): 5 Dec 2025 (s 2(1) item 4) | — |
| Provision affected | How affected |
| --- | --- |
| Chapter 1 | |
| Part 1‑1 | |
| Division 1 | |
| s 1‑10............. | am No 38, 2010; No 59, 2015 |
| Chapter 2 | |
| Part 2‑2 | |
| Division 21 | |
| s 21‑1............. | am No 69, 2020 |
| Division 22 | |
| s 22‑1............. | am No 69, 2020 |
| s 22‑5............. | am No 11, 2016 |
| Division 23 | |
| s 23‑1............. | am No 69, 2020 |
| s 23‑5............. | am No 11, 2016 |
| Part 2‑3 | |
| Division 26 | |
| s 26‑15............ | am No 76, 2023 |
| Part 2‑5 | |
| Division 42 | |
| s. 42‑10........... | am. No. 38, 2010 |
| Part 2‑6 | |
| Division 45 | |
| s 45‑1............. | am No 11, 2016 |
| Chapter 3 | |
| Part 3‑2 | |
| Division 57 | |
| s 57‑5............. | am No 38, 2010; No 6, 2021 |
| Division 63 | |
| s 63‑1............. | am No 6, 2021 |
| Division 66 | |
| s 66‑1............. | am No 6, 2021 |
| Division 69 | |
| s 69‑20............ | am No 180, 2012 |
| Part 3‑4 | |
| Division 85 | |
| s. 85‑5............ | am. No. 127, 2011 |
| Division 88 | |
| s 88‑1............. | am No 180, 2012 |
| Part 3‑7 | |
| Division 112 | |
| s 112‑5............ | am No 180, 2012 |
| Part 3‑8 | |
| Division 120 | |
| s 120‑1............ | am No 127, 2021 |
| Chapter 4 | |
| Part 4‑2 | |
| Division 135 | |
| s 135‑1............ | am No 6, 2021 |
| Division 138 | |
| s. 138‑1........... | am. No. 38, 2010 |
| Division 141 | |
| Subdivision 141‑A | |
| s 141‑1............ | am No 6, 2021 |
| Subdivision 141‑C | |
| s 141‑25........... | am No 6, 2021 |
| Division 144 | |
| s 144‑10........... | am No 6, 2021 |
| Division 150 | |
| Subdivision 150‑C | |
| s 150‑15........... | am No 6, 2021 |
| s 150‑20........... | am No 38, 2010; No 6, 2021 |
| s 150‑22........... | ad No 6, 2021 |
| s. 150‑35........... | am. No. 38, 2010 |
| Part 4‑5 | |
| Division 180 | |
| s 180‑35........... | am No 180, 2012 |
| Part 4‑6 | |
| Division 187 | |
| s 187‑5............ | am No 6, 2021 |
| s 187‑15........... | am No 6, 2021 |
| Chapter 5 | |
| Part 5‑2 | |
| Division 201 | |
| Subdivision 201‑B | |
| s. 201‑25........... | am. No. 38, 2010 |
| Part 5‑4 | |
| Division 220 | |
| s. 220‑10........... | am. No. 38, 2010 |
| Chapter 6 | |
| Part 6‑4 | |
| Division 262 | |
| s. 262‑1........... | am. No. 38, 2010 |
| Division 265 | |
| s. 265‑40........... | rs. No. 180, 2012 |
| Part 6‑5 | |
| Division 279 | |
| s 279‑1............ | am No 38, 2010 |
| s 279‑35 | am No 44, 2019 |
| Part 6‑6 | |
| Division 293 | |
| s. 293‑1........... | am. No. 144, 2008 |
| Part 6‑7 | |
| Division 304 | |
| s 304‑5............ | am No 180, 2012; No 69, 2020 |
| Part 6‑7A | |
| Part 6‑7A.......... | ad No 69, 2020 |
| s 308‑1............ | ad No 69, 2020 |
| s 308‑5............ | ad No 69, 2020 |
| | am No 141, 2020; No 69, 2023 |
| s 308‑10........... | ad No 69, 2020 |
| s 308‑15........... | ad No 69, 2020 |
| s 308‑20........... | ad No 69, 2020 |
| s 308‑25........... | ad No 69, 2020 |
| s 308‑30........... | ad No 69, 2020 |
| s 308‑35........... | ad No 69, 2020 |
| s 308‑40........... | ad No 69, 2020 |
| s 308‑45........... | ad No 69, 2020 |
| Chapter 7 | |
| Part 7‑3 | |
| Division 330 | |
| s 330‑10........... | am No 180, 2012 |
| Division 333 | |
| s. 333‑5........... | am. No. 38, 2010 |
| Division 348 | |
| s 348‑1............ | am No 180, 2012 |
| Chapter 8 | |
| Division 386 | |
| s 386‑1............ | am No 180, 2012; No 6, 2020 |
| | ed C17 |
| | am No 69, 2020 |
| s 386‑10........... | am. No. 180, 2012 |
| s 386‑60........... | am No 127, 2021 |
| Chapter 9 | |
| Part 9‑2 | |
| Division 407 | |
| s 407‑15........... | am. No. 8, 2010 |
| Chapter 9 | |
| Part 9–2 | |
| Division 404 | |
| s 404‑15........... | am No 39, 2024 |
| Part 9‑3 | |
| Division 421 | |
| s 421‑1............ | am No 11, 2016; No 127, 2021 |
| Chapter 10 | |
| Part 10‑3 | |
| Division 447 | |
| s 447‑5............ | am No 74, 2023 |
| Division 453 | |
| s 453‑10........... | am. No. 131, 2009 |
| Division 456 | |
| Subdivision 456‑A | |
| s 456‑10........... | am. No. 38, 2010 |
| Chapter 11 | |
| Part 11‑1 | |
| Division 482 | |
| s 482‑1............ | am No 6, 2020; No 127, 2021 |
| Part 11‑2 | |
| Division 487 | |
| s 487‑1............ | am No 127, 2021 |
| s 487‑5............ | am No 6, 2021 |
| Division 496 | |
| s 496‑10........... | am No 127, 2021 |
| s 496‑15........... | am No 127, 2021 |
| s 496‑20........... | am No 4, 2010 |
| Division 511 | |
| s. 511‑1........... | am. No. 131, 2009 |
| Part 11‑4 | |
| Division 521 | |
| s 521‑1............ | am No 11, 2016 |
| Part 11‑4A | |
| Part 11‑4A.......... | ad No 127, 2021 |
| Division 522 | |
| s 522‑1............ | ad No 127, 2021 |
| s 522‑2............ | ad No 127, 2021 |
| s 522‑3............ | ad No 127, 2021 |
| s 522‑4............ | ad No 127, 2021 |
| Part 11‑5 | |
| Division 526 | |
| s 526‑35........... | am No 11, 2016 |
| Part 11‑6 | |
| Part 11‑6 heading..... | am No 6, 2020 |
| Division 531 | |
| Division 531 heading......... | am No 6, 2020 |
| s 531‑1............ | am No 6, 2020 |
| s 531‑5............ | am No 6, 2020 |
| Chapter 12 | |
| Part 12‑2 | |
| Division 546 | |
| s. 546‑5........... | am. No. 38, 2010 |
| s 546‑10........... | am No 11, 2016; No 72, 2025 |
| s 546‑20........... | am No 11, 2016 |
| Part 12‑3 | |
| Division 551 | |
| s 551‑20........... | am No 62, 2014 |
| Chapter 14 | |
| Part 14‑1 | |
| Division 576 | |
| s 576‑10........... | am No 127, 2021 |
| Part 14‑2 | |
| Division 581 | |
| s 581‑30........... | ad No 6, 2021 |
| Part 14‑3 | |
| Division 586 | |
| Subdivision 586‑B | |
| s 586‑10........... | am No 13, 2021 |
| s 586‑15........... | am No 13, 2021 |
| s 586‑25........... | am No 13, 2021 |
| Subdivision 586‑C | |
| s 586‑40........... | am No 13, 2021 |
| s 586‑65........... | am No 13, 2021 |
| Subdivision 586‑D | |
| s 586‑90........... | am No 13, 2021 |
| Division 589 | |
| s 589‑5............ | am No 38, 2010 |
| Chapter 15 | |
| Part 15‑2 | |
| Division 604 | |
| s 604‑20........... | am No 38, 2010 |
| s 604‑25........... | am No 62, 2014 |
| Part 15‑4 | |
| Division 614 | |
| s 614‑1............ | am No 39, 2024 |
| Division 617 | |
| s 617‑1............ | am No 39, 2024 |
| Division 623 | |
| Division 623 heading......... | rs No 39, 2024 |
| s 623‑1............ | am No 39, 2024 |
| Chapter 16 | |
| Part 16‑4 | |
| Division 663 | |
| s 663‑25........... | am No 46, 2011 |
| Chapter 17 | |
| Part 17‑1 | |
| Division 683 | |
| s 683‑1............ | am No 127, 2021 |
| Part 17‑2 | |
| Division 694 | |
| s 694‑35........... | am No 6, 2021; No 13, 2021 |
| s. 694‑110.......... | am. No. 46, 2011 |
| s. 694‑115.......... | ad. No. 144, 2008 |
| s 694‑120.......... | ad No 69, 2020 |
| Part 17‑3 | |
| Division 700 | |
| s 700‑1............ | am No 144, 2008; No 24, 2011; No 46, 2011; No 127, 2011; No 31, 2014; No 11, 2016; No 6, 2020; No 69, 2020; No 13, 2021; No 127, 2021; No 76, 2023; No 39, 2024 |