Commonwealth Numbered Acts

ABORIGINAL AND TORRES STRAIT ISLANDER COMMISSION ACT 1989 No. 150 of 1989 - SECT 148

148. (1) In performing its functions, the Corporation shall act in accordance
with sound business principles.

(2) For the purpose of the performance of the Corporation's functions, the
Corporation Board shall have regard to the desirability of:

   (a)  encouraging and facilitating Aboriginal and Torres Strait Islander
        participation in commercial projects and enterprises;

   (b)  securing, as far as practicable, Aboriginal and Torres Strait Islander
        participation in the ownership and control of companies engaged in
        activities that are likely to have a significant impact on Aboriginal
        or Torres Strait Islander interests;

   (c)  promoting the development of industries and other commercial and
        economic activities that are likely to have a beneficial impact on
        Aboriginal or Torres Strait Islander interests; and

   (d)  making specialist commercial expertise available to Aboriginal persons
        and Torres Strait Islanders engaged in commercial activities.