The Minister for Indigenous Australians, the Hon Ken Wyatt, AM MP, has today announced a comprehensive review into the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI Act) to ensure it is still fit for purpose and that it continues to support over 3,000 Indigenous corporations.
“The CATSI Act is an important underpinning of many Indigenous organisations and this review will examine how it is working and what more the Government can be doing to help these corporations thrive,” Minister Wyatt said.
“We have already had great success in supporting and developing Indigenous corporations through the CATSI Act. Since its inception, the top 500 corporations registered under the Act more than doubled their overall income.
“The Morrison Government is reducing red tape so that corporations can get on with their business and spend less time on reporting and compliance.
“Following consultations and a technical review in 2018, it is clear that the CATSI Act would benefit from a comprehensive review, which includes an examination of the Act as a special measure under the Racial Discrimination Act 1975.
“I know there is a great deal of interest within the sector about how the CATSI Act can best serve Indigenous Australians and this is an opportunity for those voices to be heard.
“We’ve already listened to many people about potential adjustments to the Act and look forward to hearing from all stakeholders on how it can work even better.”
The Registrar of Indigenous Corporations, Mr Selwyn Button, has welcomed the review.
“After more than 12 years of operation, this is an opportunity to build on our legacy to create a solid foundation for the future” Mr Button said.
“This review will allow the Office of the Registrar of Indigenous Corporations to help organisations streamline their operations so they can increase their effectiveness while maintaining good governance, delivering surety and transparency for their members.”
The review will be led by the National Indigenous Australians Agency (NIAA) and it is expected to be completed by 30 November 2020.
The NIAA is seeking feedback before 14 February 2020 in relation to those aspects of the CATSI Act that should be considered as part of the review through the website: www.niaa.gov.au/catsi-act-review
Information about the progress of the review will also be available on this website and anyone interested in receiving updates is encouraged to join the mailing list.