Document ID: chunk:federal_register_of_legislation:C2024C00492:section:6:p131
Version: federal_register_of_legislation:C2024C00492
Segment Type: section
Provision Reference: s 6 (pt 131/175)
Character Range: 503309–506119

not to be made.
 (2) The proposed reporting obligations are the obligations that the corporation or corporations would have under Part 7‑2 or 7‑3, or under regulations made for the purposes of Part 7‑2 or 7‑3, if the determination were to be made.

Part 7‑6—Sanctions for contraventions of record keeping and reporting requirements

Division 363—Sanctions for contraventions of record keeping and reporting requirements

363‑1  Sanctions
 (1) A director of an Aboriginal and Torres Strait Islander corporation contravenes this section if he or she fails to take all reasonable steps to comply with, or to secure compliance with, Parts 7‑2 and 7‑3.
Note: This section is a civil penalty provision (see section 386‑1).
 (2) A person commits an offence if he or she contravenes subsection (1) and the contravention is dishonest.
Penalty: 2,000 penalty units or imprisonment for 5 years, or both.
 (3) Subsection (1) does not apply to section 339‑85, 339‑95, 345‑5 or 345‑10.
 (4) This section does not affect the application of the provisions of this Chapter to a director as an officer.

Part 7‑7—Modifications of record keeping and reporting requirements by regulations

Division 368—Modifications of record keeping and reporting requirements by regulations

368‑1  Modification by regulations
  The regulations may modify the operation of Parts 7‑2 and 7‑3 in relation to:
 (a) a specified Aboriginal and Torres Strait Islander corporation; or
 (b) all Aboriginal and Torres Strait Islander corporations of a specified class.

Part 7‑8—Books

Division 373—Introduction

373‑1  What this Part is about

      If an Aboriginal and Torres Strait Islander corporation is required by this Act to keep books, the books must be kept at certain places and made available for inspection by the public (see section 376‑1).
      Books, and copies of them, have a certain evidentiary value (see section 376‑30).

Division 376—When and where may books be inspected?

376‑1  Inspection of books
 (1) This section applies if:
 (a) this Act requires that a book of an Aboriginal and Torres Strait Islander corporation is to be available for inspection generally; or
 (b) a person has a right under this Act to inspect a book of an Aboriginal and Torres Strait Islander corporation.
 (2) If the book is required to be kept at the corporation's registered office, the corporation must make the book available for inspection at the registered office each business day from at least 10 am to 12 noon and from at least 2 pm to 4 pm.
Penalty: 5 penalty units.
 (3) If the book is required to be kept at the corporation's document access address, the corporation must make the book available for inspection at the document access address within 7 days after the person seeking to inspect the book asks the corporation in writing to