Functions of the Far West Coast Aboriginal Corporation

Far West Coast Aboriginal Corporation

Functions

Far West Coast Aboriginal Corporation

4.1 The corporation has such functions as may be prescribed by the Native Title (Prescribed Bodies Corporate) Regulations from time to time which are:

a)to act as agent or representative of the common law holders in respect of matters relating to their rights and interests;
b)to manage the rights and interests of the common law holders as authorised by the common law holders;
c) to hold money (including payments received as compensation or otherwise related to the native title rights and interests) in trust;
d)to invest or otherwise apply money held in trust as directed by the common law holders;
e) to consult with the common law holders in accordance with regulation 8 of the Native Title (Prescribed Bodies Corporate) Regulations and rule 6;
f) to perform any other function relating to those rights and interests as directed by the common law holders.

4.2 Without limiting these functions, the corporation may, on behalf of the common law holders:

a)consult other persons or bodies;
b)enter into agreements;
c)exercise procedural rights;
d)accept notices required by any law of the Commonwealth, a state or a territory to be given to the common law holders.

Source: The Rule Book of the Far West Coast Aboriginal Corporation