Native Title Prescribed Body Corporate
A Native Title Prescribed Bodies Corporate (PBC) is an Aboriginal and Torres Strait Islander Corporation especially formed in accordance with Australian native title law to hold the native title of groups of Aboriginal and Torres Strait Islanders whom the Federal Court determines as possessing Indigenous property rights and interests.
Under sections 55-57 of the Native Title Act 1993, as part of the determination of native title, native title groups are required to nominate a PBC to hold (as trustee) or manage (as agent) their native title. Following a determination, Prescribed Bodies Corporate are entered onto the National Native Title Register, which is maintained by the National Native Title Tribunal. At this point, the corporation becomes a Registered Native Title BodyCcorporate (RNTBC).
The kind of bodies that can be determined as PBCs (and therefore registered as RNTBCs) and their functions are set out in the Native Title Act 1993 and Native Title (Prescribed Bodies Corporate) Regulations 1999.
Read more about Native Title Prescribed Body Corporate: See Also, External Links
Famous quotes containing the words native, title, prescribed, body and/or corporate:
“At length they all to merry London came,
To merry London, my most kindly nurse,
That to me gave this life’s first native source;
Though from another place I take my name,
An house of ancient fame.”
—Edmund Spenser (1552?–1599)
“All his works might well enough be embraced under the title of one of them, a good specimen brick, “On Heroes, Hero-Worship, and the Heroic in History.” Of this department he is the Chief Professor in the World’s University, and even leaves Plutarch behind.”
—Henry David Thoreau (1817–1862)
“Thoroughly to unfold the labyrinths of the human mind is an arduous task.... In order to dive into those recesses and lay them open to the reader in a striking and intelligible manner, ‘tis necessary to assume a certain freedom in writing, not strictly perhaps within the limits prescribed by rules.”
—Sarah Fielding (1710–1768)
“That sound, everywhere about us, of the sea—
the tree among its tresses has always heard it,
and the horse dips his black body in the sound
stretching his neck as if towards drinking water ...”
—Denise Levertov (b. 1923)
“Power, in Case’s world, meant corporate power. The zaibatsus, the multinationals ..., had ... attained a kind of immortality. You couldn’t kill a zaibatsu by assassinating a dozen key executives; there were others waiting to step up the ladder; assume the vacated position, access the vast banks of corporate memory.”
—William Gibson (b. 1948)