Are Aboriginal Corporations Not for Profit?

An organisation’s legal structure will determine the types of activities it is legally able to carry out and which government bodies it is required to seek registration from or report to. Indigenous Corporations are one possible structure of a non-profit organisation.

What is an Aboriginal and Torres Strait Islander Corporation?

The Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI Act) is the law that establishes the role of the Registrar of Aboriginal and Torres Strait Islander Corporations and provides for a special form of incorporation for Aboriginal and Torres Strait Islander organisations.

How many Aboriginal corporations are there in Australia?

A total of 2781 Aboriginal and Torres Strait Islander corporations were registered under the CATSI Act as at 30 June 2016. There were 177 new registrations during 2015–16, up from 170 in 2014–15 (table 1).

What is indigenous company?

Indigenous Industries Private Limited is an Indian Non-Government Company. It’s a private company and is classified as’company limited by shares’. Company’s authorized capital stands at Rs 10.0 lakhs and has 100.0% paid-up capital which is Rs 10.0 lakhs.

What is a Catsi director?

(CATSI Act: section 265-1)

Directors who act carefully and diligently are interested in what’s happening at their corporation and are well prepared to make decisions. For example, they are across their corporation’s affairs and: follow their corporation’s rule book.

What do Aboriginal corporations do?

registered corporations can access ORIC’s advice and support, and services—such as to: undertake training in good governance. redesign a rule book in a workshop. get help to recruit senior staff.

Which businesses or industries do indigenous communities tend to be involved?

Hunter (2013) found that the most popular industries for Indigenous self-employed businesses are what could be considered mainstream industries and include freight transport, construction, building and cleaning services, carpentry, creative arts and other domestic or personal services.

What is an ICN number Australia?

The Industry Capability Network (ICN) provides Australian businesses with access to a powerful online tool to help connect them with suitable suppliers, project managers and business opportunities across Australia and New Zealand. Australian or New Zealand companies can register on the ICN Gateway for free.



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