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:
“But, depend upon it, you will love your native hills the better for being separated from them.”
—Henry David Thoreau (1817–1862)
“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)
“There is no prescribed method for resolving every specific conflict a mother has with her child, and there is certainly no method that will enable her to have exactly what she wants....There is, however, a larger goal, which is to establish and over-all climate of reasonableness, one in which she and her child can hear each other.”
—Elaine Heffner (20th century)
“Every body we know surrounds himself with a fine house, fine books, conservatory, gardens, equipage, and all manner of toys, as screens to interpose between himself and his guest. Does it not seem as if man was of a very sly, elusive nature, and dreaded nothing so much as a full rencontre front to front with his fellow?”
—Ralph Waldo Emerson (1803–1882)
“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)