Commonwealth legislation

Corporations (Aboriginal and Torres Strait Islander) Determination 1/2009

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

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Commonwealth

Collection

legislative instrument

Plain English Summary

2/10 complexity

This determination gives specific Aboriginal and Torres Strait Islander corporations relief from certain financial reporting paperwork.

What it does Under the Corporations (Aboriginal and Torres Strait Islander) Act 2006, corporations registered under Division 330 normally have to include specific details in their annual financial reports (as set out in the regulations). This determination exempts them from providing the information required by paragraphs 330-5.01(i) through (n) of the regulations — essentially removing a chunk of mandatory disclosure requirements.

Who it affects Any Aboriginal and Torres Strait Islander corporation that reports under Division 330 of the Act.

When it applies Financial years ending 30 June 2009 or any later financial year.

Why it matters It reduces the administrative burden on Indigenous corporations by allowing them to omit certain specific details from their financial reports, making compliance simpler.

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Corporations (Aboriginal and Torres Strait Islander) Determination 1/2009

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EXEMPTION FROM REPORTING REQUIREMENTS

I, Anthony Beven, Registrar of Aboriginal and Torres Strait Islander Corporations make the following determination under section 353-10(1) of the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (the Act).

This determination is the Corporations (Aboriginal and Torres Strait Islander) Determination 1 / 2009.
This determination takes effect the first moment of the day next following the day when it is registered on the Federal Register of Legislative Instruments.
An Aboriginal and Torres Strait Islander corporation reporting under division 330 of the Act, in respect of the financial year ending 30 June 2009 or a subsequent financial year, is exempt from paragraphs 330-5.01 (i), (j), (k), (l), (m) and (n) of the Corporations (Aboriginal and Torres Strait Islander) Regulations 2007 for that financial year.

Signed: 26 June 2009.

Anthony Beven

Anthony Beven

Registrar

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 Corporations (Aboriginal and Torres Strait Islander) Determination 1/2009

EXEMPTION FROM REPORTING REQUIREMENTS

This determination is the Corporations (Aboriginal and Torres Strait Islander) Determination 1 / 2009.
This determination takes effect the first moment of the day next following the day when it is registered on the Federal Register of Legislative Instruments.
An Aboriginal and Torres Strait Islander corporation reporting under division 330 of the Act, in respect of the financial year ending 30 June 2009 or a subsequent financial year, is exempt from paragraphs 330-5.01 (i), (j), (k), (l), (m) and (n) of the Corporations (Aboriginal and Torres Strait Islander) Regulations 2007 for that financial year.

Signed: 26 June 2009.

Anthony Beven

Anthony Beven

Registrar