Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) The Federal Court may determine the Indigenous Land and Sea Corporation to be an agent prescribed body corporate under paragraph 56(4)(e), 57(2)(c) or 60(b) of the Act.
Note: Subsection 59(2) of the Act allows the regulations to prescribe the body corporate, or kinds of body corporate, that may be determined by the Federal Court under paragraph 57(2)(c) of the Act.
(2) The Registrar of the Federal Court is to give the Indigenous Land and Sea Corporation reasonable notice in writing before the Federal Court makes a determination under paragraph 57(2)(c) of the Act that the Indigenous Land and Sea Corporation is to be the prescribed body corporate.
Note: For the requirements for notice before determinations under paragraph 56(4)(c) or (e) or 60(b) of the Act--see regulations 12, 13, 16 and 17.
(3) If the Federal Court determines the Indigenous Land and Sea Corporation to be the agent prescribed body corporate, the determination must be for an initial period of 5 years.
(4) Before the end of the initial period or of any extension of the determination, if the common law holders have not applied for a determination under regulation 15 or 16, the Federal Court must extend the determination for up to one year.
Note: For the ways the Indigenous Land and Sea Corporation can be replaced as the prescribed body corporate--see regulations 15 and 16.