• The Office of the Registrar of Indigenous Corporations annual yearbook
The Office of the Registrar of Indigenous Corporations (ORIC) has released its annual yearbook, outlining its performance over the last year.
By
Brooke Boney

Source:
NITV News
20 Nov 2013 - 4:44 PM  UPDATED 20 Nov 2013 - 6:54 PM

Across the country there are 2,488 Indigenous corporations registered with ORIC.

Under the Corporations Aboriginal and Torres Strait Islander Act, those organisations must comply with the corporate governance standards set out by ORIC.

The annual yearbook for 2012-13 says more than 95 per cent of the registered corporations complied with the reporting requirements.

However, a failed function of ORIC was their urgency to investigate corporate complaints.

In Victoria, Les Booth made a complaint to ORIC about the operation of a corporation, but the registrar says it is not valid because he's not identified as a member.

“I think there should be an immediate investigation and they should listen to genuine complaints instead of giving me crap because I'm not a member. But that's under the rule book apparently,” says Mr Booth.

According to the report, complaints about Indigenous corporations have gone up by 22 per cent on the previous year, and those complaints have become more complex.

Once a complaint is made about a corporation, ORIC can help provide governance advice, give more information to members on what rules apply and then give options on how the problem can be solved.

But Mr Booth says his complaint was made years ago and still hasn't been resolved.

“Now it's been going on for four years, and personally, the matter is still going on in Victoria with the corporation involved,” says Mr Booth.

The Indigenous Affairs Minister Nigel Scullion said in a statement that compliance, reporting and training results all exceeded expectations, but that over the next year the registrar will work to ensure further compliance with corporate governance standards.

ORIC was contacted by NITV News but declined to comment.