Document ID: chunk:federal_register_of_legislation:C2024C00492:section:6:p62
Version: federal_register_of_legislation:C2024C00492
Segment Type: section
Provision Reference: s 6 (pt 62/175)
Character Range: 327647–330481

and
 (c) stating that the objection must be:
 (i) in writing; and
 (ii) given to the corporation within the period of 14 days from the day the notice is given.
Penalty: 5 penalty units.
 (4) An offence against subsection (3) is an offence of strict liability offence.
Note: For strict liability, see section 6.1 of the Criminal Code.

If director does not object
 (5) If the director does not object as provided for in paragraph (3)(c), the directors must remove the director from the office.

If director does object
 (6) If the director does object as provided for in paragraph (3)(c):
 (a) the directors cannot remove the director from office; and
 (b) the corporation, by resolution in general meeting, may remove the director from office in accordance with section 249‑10.

Notice of resolution to be given
 (7) If the director concerned is removed from office, the corporation must give him or her a copy of the resolution as soon as practicable after the applicable resolution has been passed.
Penalty: 5 penalty units.

Time of retirement
 (8) If a person is appointed to replace a director removed under this section, the time at which:
 (a) the replacement director; or
 (b) any other director;
is to retire is to be worked out as if the replacement director had become director on the day on which the replaced director was last appointed a director.
 (9) An offence against subsection (7) is a strict liability offence.
Note: For strict liability, see section 6.1 of the Criminal Code.

Division 252—Remuneration of directors

252‑1  Remuneration
 (1) Unless the constitution of an Aboriginal and Torres Strait Islander corporation provides otherwise, the directors of the corporation are not to be paid remuneration.
Note: If a director is an employee of the corporation, the director is not precluded from receiving remuneration as an employee.
 (2) If an Aboriginal and Torres Strait Islander corporation's constitution permits the payment of remuneration, the remuneration is to be determined by the corporation by resolution in general meeting.

Expenses
 (3) The corporation may pay the directors' travelling and other expenses that the directors properly incur:
 (a) in attending directors' meetings or any meetings of committees of directors; and
 (b) in attending any general meetings of the corporation; and
 (c) in connection with the corporation's business.

252‑5  Members may obtain information about directors' remuneration
 (1) An Aboriginal and Torres Strait Islander corporation must disclose the remuneration and expenses paid to each director of the corporation or a subsidiary (if any) by the corporation or by an entity controlled by the corporation if the corporation is directed to disclose that information by at least the required number of members under subsection (7).
Penalty: 5 penalty units.