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Which of the following statements is correct? CATSI corporations cannot issue shares to raise capital. The legal duties for directors under Corporation Act and CATSI

Which of the following statements is correct? CATSI corporations cannot issue shares to raise capital. The legal duties for directors under Corporation Act and CATSI Act are different. Corporations registered under the CATSI Act are regulated by the Australian Securities and Investment Commission. A non-Aboriginal or non-Torres Strait Islander cannot sit on the board of a CATSI corporation

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