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Information about the Aboriginal Lands Act 1970

An information booklet and series of factsheets that explain the Aboriginal Lands Act 1970, and how to transfer shares.

Aboriginal Lands Act 1970 overview

Download the Aboriginal Lands Act 1970 overview - Factsheet.pdf

The Aboriginal Lands Act 1970 (Vic) (the Act) is a Victorian law that was created in 1970.

The Act was created in response to the Framlingham and Lake Tyers Aboriginal communities’ work to secure land rights.

Both Framlingham and Lake Tyers are former Victorian mission sites. The Act was the first law in Victoria to recognise Aboriginal land rights.

How does the Act work?

The Act created a system for land ownership at Framlingham and Lake Tyers.

The Act also established the Framlingham Aboriginal Trust and the Lake Tyers Aboriginal Trust (Trusts).

What does the Act say?

The Act sets out rules for how theTrusts should operate, and how theland can be used.

This includes information on:

  • the Committee of Management
  • shares and the rights of shareholders
  • requirements for meetings
  • the roles and powers of the government and the Trust
  • how Trust land can be used.

Ownership of land

The Act granted freehold title to the Trusts, meaning each Trust became the legal owners of the land at Framlingham and Lake Tyers.

Shareholder system

Ownership was given through shares in each community's Trust. Shares were granted to people who lived at:

  • Lake Tyers between 1 January 1968 and 30 September 1970
  • Framlingham on 1 January 1968.

Each Trust owns the land on behalf of its shareholders. This means shareholders own the land together.

Review of the Act

Definitions

Shareholder system

Under the Act, each Trust owns the land on behalf of the shareholders.

Download the Shareholder system - Factsheet.pdf

What does it mean to be a shareholder?

A shareholder owns ‘shares’ in the Trust. A person becomes a shareholder by receiving or purchasing shares.

What rights do shareholders have?

Being a shareholder gives you certain rights, including:

  • voting on decisions about Trust land
  • electing the Trust’s Committee of Management
  • attending Trust meetings
  • receiving dividends (a share of any profits the Trust makes)
  • inspecting the share register and being informed of changes
  • requesting a certificate showing how many shares they hold.

Shares are considered personal property and can be transferred under certain conditions.

These conditions are outlined in the ‘What you can do with your shares’ section.

How to check if you or your family have shares

Each Trust keeps a share register, which records all shareholders details and their shares.

If you are a shareholder, you can request to inspect the register. This request must be in writing, and the Trust must provide access to you within 14 days.

If you are unsure whether you or your family hold shares, you can contact the Trust directly to ask.

What can you do with your shares?

You can transfer or sell your shares, but there aresome conditions on how to do this and who can receive your shares.

You can transfer or sell shares to:

  • immediate family members (partner, brother/sister, children, grandchildren, aunts/uncles, cousins)
  • another shareholder
  • the Trust
  • the Victorian or Commonwealth Governments.

How to transfer a share

To transfer shares, you must complete the Instrument of Transfer form.

This is a legal document, and you will need to get supporting information ready to submit with the form.

Instrument of Transfer - Form
PDF 862.86 KB
(opens in a new window)

When you have completed these documents, you should submit them to the Committee of Management.

The Committee of Management must approve the share transfer and update the share register before it is final.

The Trust must then notify all shareholders of the transfer within 28 days.

How to sell a share

The Trust’s auditor sets the price of the shares.

If you wish to sell a share, you must first make an offer to the Trust, or someone nominated by the Trust at the price set by the auditor. The offer must stay open for three months.

If the offer is not accepted after three months, you may sell the share to one of the following people:

  • immediate family members (partner, brother/sister, children, grandchildren, aunts/uncles, cousins)
  • another shareholder
  • the Victorian or Commonwealth Governments.

If you are selling shares to one of the people listed above, the shares may not be sold for less than the price set by the auditor.

Shares that are sold or transferred to the Trust

Certain rules apply to what the Trust can do with shares which are sold or transferred to it:

  • acquired shares must be held by the Trust on behalf of the other members until the end of the financial year. At the end of the financial year, the total number of shares is reduced by the number of the acquired shares
  • the Trust can earn income from dividends on the acquired shares.

The share register

How the Trust works and operates

Under the Act, each Trust is managed by a Committee of Management.

Download the Shareholder system - Factsheet.pdf

How is the Trust managed?

The Trust is administered by a Committee of Management (Committee, also called the Board). The Committee can appoint an executive officer who is responsible for day-to-day operations of the Trust.

Who can be on the Committee?

  • Shareholders and non-shareholders can be on the Committee
  • All Committee members must declare if they have any conflicts of
    interest in any matters considered by the Committee.

How do you get elected and how many people can serve?

  • The Committee is made up of 7 people elected by the Trust’s shareholders at a general meeting or the Annual General Meeting (AGM).
  • Committee members serve staggered terms. For consistency of Committee knowledge, this involves:
    • 2 members serving until the second AGM
    • 2 members serving until the third AGM
    • 3 members serving until the fourth AGM
  • Committee members can be re-elected after their term ends.
  • The Act does not include information on how a person is nominated to be on the Committee. This is up to each Trust to determine.

Do Committee members get paid?

Committee members can receive fees and travel expenses, as decided by the Trust at a general meeting.

What if the Committee is not operating as it should?

The Minister for Treaty and First Peoples (Minister) can decide on the management of the Trust if the Committee is not meeting its obligations under the Act.

The Minister has discretionary powers to:

  • issue compliance notices
  • put the Trust into administration
  • grant or deny requests from the Trust for exemptions from or extensions to certain requirements under the Act.

The Minister also has the power to appoint an independent auditor to investigate a Trust’s management and determine if there have been breaches of the Act or any laws, or if there are grounds to appoint an administrator.

If the Minister believes that the Trust is not complying with the Act, the Minister can appoint an Administrator to replace the Committee for a certain time.

What happens when a Committee position becomes vacant?

A Committee position becomes vacant if a member:

  • becomes mentally incapable or otherwise incapable of acting in the position, bankrupt, or resigns
  • is disqualified from managing a corporation under the Corporations Act 2001
  • is convicted or found guilty of certain criminal offences involving dishonesty and is punishable by imprisonment for at least three months
  • is removed by a special resolution at a general meeting.

Filling vacanciers during existing terms

  • If one vacancy occurs, shareholders can elect a Committee member at the next general meeting.
  • If several vacancies occur and there are less than 4 members left, a general meeting must be held within 28 days to fill vacancies.
  • Any new Committee member who filled a vacant position can only serve until the end of the original term of that position.

What do Committee members responsibilities include?

Committee meetings

Committee members attend meetings called by the Committee. This allows the business of the Committee to proceed.

  • The Committee must meet at least 6 times per year.
  • At least 4 members must be present for the meeting to proceed and decisions to be valid (this is called a quorum).
  • At the first meeting after the AGM, the Committee must elect a Chair and appoint a Secretary.

Declaring interests

  • Committee members must declare any personal interest in matters discussed in meetings. This is known as a conflict of interest and must be declared as soon as possible.
  • The Committee member cannot vote on or discuss these matters, unless approved by the other Committee members.

Strategic planning

Each Trust must prepare a strategic plan every three years. The Minister reviews the draft and can approve the plan as is or request changes.

The plan must include:

  • vision statement – expected to set out the long-term goal(s) of the Trust
  • mission statement – expected to outline the Trust’s purpose and key focus
  • statement of values – expected to set out the principles guiding the Trust’s decisions
  • objectives to be met while the strategic plan is in effect – expected to outline the Trust’s key goals to be achieved over the plan’s period
  • any strategic initiatives that will enable the Trust to achieve its objectives.

The Trusts must follow the approved strategic plan. A new strategic plan is required every three years after the previous plan’s approval.

Reporting

Each Trust’s Committee is required to prepare reporting documents at the end of each financial year and a strategic plan every three years.

To ensure the Committee of Management is operating within the rules and responsibilities given to it, they must prepare several documents at the end of each financial year. These documents are sent to shareholders at least 14 days before an AGM.

Meetings of the Trust

The Trust must hold an Annual General Meeting and at least one other general meeting every year. These meetings are for all shareholders and residents.

Annual General Meeting (AGM)

The Trust must hold an AGM every year to give shareholders and residents the chance to share their views, ask questions, and discuss key issues. This ensures the Trust is accessible and accountable to shareholders and residents.

Who can attend?

  • All shareholders and residents can attend
  • Only shareholders can vote on matters discussed.

General meetings

The Trust may hold a general meeting at any time, in addition to the AGM.

Who can attend?

  • All shareholders and residents can attend
  • Only shareholders can vote on matters discussed.

Requirements for Trust meetings

Land use

The Act provides information on ownership of Trust land and the rules that apply to the use of Trust land.

Download the Land use - Factsheet.pdf

Who owns the Trust land?

The Trusts own the Trust land.

A Trust cannot sell, exchange, or dispose of Trust land without a unanimous resolution from all Trust members present at a general meeting.

Can the Trust lease the land?

A Trust can lease land. However, leases for longer than 21 years require a special notice to be given for a resolution at a general meeting, where at least three-quarters of eligible voters must agree to that lease.

Can the Trust land be mortgaged?

Trust land can also be mortgaged, if enough shareholders agree.

A mortgage can be used to raise money for investment and business development.

Roles, rights and responsibilities

Under the Act, the government, Committee of Management and shareholders have different roles, responsibilities and rights.

Minister for Treaty and First Peoples (Minister)

Responsible for administering the Act

Department of Premier and Cabinet (DPC)

Responsible for supporting the Minister to administer the Act

Trust Committee of Management

Elected body (by shareholders) and responsible for makin decisions about the Trust and ensuring the Trust complies with the Act.

Shareholders

Shareholders own the 'shares' in the Trust.