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.
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