Speaker 1:
In this video, we'll explain how the Framlingham Aboriginal Trust and Lake Tyers Aboriginal Trust operates under the Aboriginal Lands Act 1970.
Speaker 2:
The Trust is run by a Committee of Management who are responsible for making decisions about the Trust and ensuring it complies with the Act. The Committee of Management is made up of seven people elected by the Trust's shareholders at the general meeting. Both shareholders and non-shareholders can be on the Committee.
Speaker 1:
The Trust is required to hold an annual general meeting and at least one other general meeting every year. These meetings ensure that the Trust is accessible and accountable to its shareholders. At these meetings, shareholders and residents can share their views, ask questions, and discuss any key issues. Only shareholders are able to vote at these meetings.
Speaker 2:
For these meetings to go ahead, quorum needs to be reached. Quorum is the minimum number of shareholders in attendance required for a meeting. Quorum ensures that shareholders are involved in the decisions made by the Trust. For quorums to be met at a general meeting, 50% of shareholders who are residents at the Trust on the day the meeting was called must attend. The Trust is required to send all shareholders a written notice at least 14 days before the scheduled meeting. The notice should include date, time, and location, agenda items, a list of shareholders from the share register on the date the meeting is called.
Speaker 1:
For more information about the Act, visit www.firstpeoplesrelations.vic.gov.au/aboriginal-land-rights
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