New ORIC Registrar Regulatory Posture and Compliance Framework published

On 23 February 2024, the Registrar of Aboriginal and Torres Strait Islander Indigenous Corporations (ORIC Registrar) published their Regulatory Posture. The document outlines the ORIC Registrar’s primary focus areas for 2024.

As part of ORIC’s regulatory function to ensure corporations comply with the Corporations (Indigenous and Torres Strait Islander) Act 2006 (Cth) (CATSI Act), the ORIC Registrar will specifically focus on ensuring that corporations are being accountable and transparent with their members.

In 2024, the ORIC Registrar will focus on the following areas:

The ORIC Registrar also notes in the Posture their intention to conduct examinations with a narrowed focus, targeting specific allegations of serious and/or repeated non-compliance with the CATSI Act.

In addition to the Posture, the ORIC Registrar has also published the ORIC Regulatory Compliance Framework, which outlines the Registrar’s approach to ensuring compliance with the CATSI Act. This Framework details ORIC’s values, origins of its compliance approach and provides a general overview of the Registrar’s regulatory functions and powers.

You can access a full copy of the Regulatory Posture and ORIC Regulatory Compliance Framework here.

Assistance from Jackson McDonald

Jackson McDonald’s experienced team can provide advice and assistance with assessing your corporate governance framework and compliance under the CATSI Act. If you would like more information or assistance, please contact Emma Chinnery or Alana Schwartz.