(1) An Aboriginal and Torres Strait Islander corporation is prescribed for section 59 of the Act if it is registered for the purpose of being the subject of a section 56 or 57 determination.
(2) An Aboriginal and Torres Strait Islander corporation is taken to be registered for the purpose of being the subject of a section 56 or 57 determination only if:
(a) the purpose of becoming a registered native title body corporate is set out in the objects of the corporation; and
(b) all members of the corporation are:
(i) persons who, at the time of making of the section 56 or 57 determination, are included, or are proposed to be included, in the native title determination as native title holders; or
(ii) persons to whom the persons mentioned in subparagraph (i) have consented; and
(c) at all times after the section 56 or 57 determination is made, all members of the corporation are:
(i) persons who have native title rights and interests in relation to the land or waters to which the native title determination relates; or
(ii) persons, or a class of persons, to whom the persons mentioned in subparagraph (i) have consented; and
(d) the corporation meets the Indigeneity requirement mentioned in section 29 -/span> -5 of the Corporations (Aboriginal and Torres Strait Islander) Act 2006 .