In 2019, a review of the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI Act) was announced by the Minister for Indigenous Australians. This review followed a Senate inquiry into the Corporations (Aboriginal and Torres Strait Islander) Amendment (Strengthening Governance and Transparency) Bill 2018. This bill was aimed at reducing unnecessary regulatory burden for CATSI corporations, whilst maintaining alignment with broader corporate law and regulation.
The full report of the review of the CATSI Act was published in February 2021. Draft legislation proposed on 30 June 2021. A number of recommendations have been made in relation to the external administration and deregistration of corporations under the CATSI Act, including recommendations in relation to the special administration process available under the CATSI Act.
The effectiveness of the current special administration process, and the proposed recommended changes to that process, along with an examination of the underpinning causes of corporate failure is an area which requires further research. For example, a report published in 2010 noted that the ‘cultural match’ between organisational governance standards and community traditions in relation to the exercise of power is a fundamental issue in terms of community governance. The report also noted the emerging research on Indigenous entrepreneurship.
A research project that examines these issues would be a useful addition to the understanding of financial hardship, corporate governance and insolvency of Indigenous corporations.
Research activities during this project may include:
- a literature review
- case study
- participating in writing a scholarly paper.
This project is expected to run for 20 hours a week, for 6 weeks.
Skills and experience
This project is specifically aimed at Indigenous students.
For more information on how to apply, visit our Vacation Research Experience Scheme guide.