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:
“Happy the man whose wish and care
A few paternal acres bound,
Content to breathe his native air
In his own ground:”
—Alexander Pope (1688–1744)
“One generation passeth away, and another generation cometh: but the earth abideth for ever. The sun also ariseth, and the sun goeth down, and hasteth to the place where he arose.”
—Bible: Hebrew Ecclesiastes, 1:4-5.
Ernest Hemingway took the title The Sun Also Rises (1926)
“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)
“For myself I make no secret, I look forward with eager desire to seeing the matchless beauty of Christ’s body in the heavenly light.”
—Gerard Manley Hopkins (1844–1889)
“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)