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CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 274.15

Right of access to corporation books

Right while director

  (1)   A person who is a director of an Aboriginal and Torres Strait Islander corporation may inspect the books of the corporation (other than its financial records) for the purposes of a legal proceeding:

  (a)   to which the person is a party; or

  (b)   that the person proposes in good faith to bring; or

  (c)   that the person has reason to believe will be brought against him or her.

Note 1:   Section   322 - 25 gives the director a right of access to financial records.

Note 2:   See also section   376 - 1.

Right during 7 years after ceasing to be director

  (2)   A person who has ceased to be a director of an Aboriginal and Torres Strait Islander corporation may inspect the books of the corporation (including its financial records) for the purposes of a legal proceeding:

  (a)   to which the person is a party; or

  (b)   that the person proposes in good faith to bring; or

  (c)   that the person has reason to believe will be brought against them.

This right continues for 7 years after the person ceased to be a director of the corporation.

Note:   See also section   376 - 1.

Right to take copies

  (3)   A person authorised to inspect books under this section for the purposes of a legal proceeding may make copies of the books for the purposes of those proceedings.

Corporation not to refuse access

  (4)   An Aboriginal and Torres Strait Islander corporation must allow a person to exercise the person's rights to inspect or take copies of the books under this section.

Interaction with other rules

  (5)   This section does not limit any right of access to corporation books that a person has apart from this section.


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