An exposure draft proposing changes to the Corporations (Aboriginal and Torres Strait Islander) Regulations 2017 (CATSI Regulations) is now available for feedback.

The CATSI Regulations set out frameworks for the effective operation of the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI Act) – the law that assists Aboriginal and Torres Strait Islander groups to form corporations.

The proposed changes to the CATSI Regulations put into practice recommendations made in the CATSI Act Review Final Report. For example, requiring CATSI corporations to report on the number of meetings attended by directors and the amount of sitting fees paid to each director. The amendments also support changes in the CATSI Amendment Bill 2021, for example, determining the consolidated revenue thresholds that govern the size of CATSI corporations.

We would like to hear from stakeholders about their views on these proposed changes – particularly about the parts they support and the parts that may concern them.

Given changes to the CATSI Regulations impact corporations in a range of ways, including size classification and enforcement and reporting, we have developed a fact sheet (PDF 305 KB) to make it easier to understand all the draft amendments.

To provide feedback:

• submit a written response via email to CATSIActReview@niaa.gov.au
• request to provide feedback another way by emailing CATSIActReview@niaa.gov.au or calling the NIAA on (02) 6271 5111.

Visit Review of the CATSI Act for more information on feedback opportunities.

Consultation closes at 11:59pm (AEDT), 26 November 2021.