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CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 268.5

Interest as common law holder of native title

  (1)   This section applies if:

  (a)   an Aboriginal and Torres Strait Islander corporation is a registered native title body corporate; and

  (b)   a director of the corporation has a particular interest as one of the common law holders of native title, being native title:

  (i)   which the corporation holds in trust for the common law holders of the native title; or

  (ii)   for which the corporation acts as agent or representative for the common law holders of the native title.

  (2)   The director does not need to give the other directors notice of the interest under subsection   268 - 1(1).

  (3)   A failure to give the other directors notice of the interest does not breach any general law rule about conflicts of interest.


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