How do I transition to the Corporations (Aboriginal and Torres Strait Islander) Act—the CATSI Act?

Fill in a Getting ready for CATSI form [PDF, 12 pages, 48Kb] if you haven’t already.
Update your corporation’s rules and make sure your new rules are passed by the members at a general meeting.
Put your ICN on all your public documents, such as letterhead and cheques.
Your ‘public officer’ becomes your ‘contact person’ (or secretary for large corporations). Read more in our factsheet about corporations moving to the CATSI Act.
In small and medium corporations, the official address of the contact person becomes the document access address. This is where people can see the corporation’s documents and records. Large corporations have a registered office. Read more in our factsheet about corporations moving to the CATSI Act.
The ‘governing committee’ becomes ‘the directors’. Read more in our factsheet about corporations moving to the CATSI Act.
Reporting under the CATSI Act:

2006–07: No change—like the financial reporting rules of the previous law. Lodge with the Registrar:

compliance statement

the corporation’s report

the auditor’s report

list of current members.

These were meant to be lodged by 31 December 2007, so please send to us as soon as possible.

2007–08: Corporations can choose between using the previous or the new financial reporting rules. Corporations must let the Registrar know in writing, before 30 June 2008, if they want to report in the old way.

2008–09: All corporations will report under the financial reporting requirements of the new law.

Small corporations with less than $100,000 income only have to lodge a general report. All other corporations must lodge a general report plus:

a financial report

an audit report

a directors’ report. (A new fact sheet about reporting is coming soon.)

For more information call ORIC on 1800 622 431.

How do I transition to the Corporations (Aboriginal and Torres Strait Islander) Act—the CATSI Act?

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