[2] It is at this point that their statutory obligations under the NTA and the Native Title (Prescribed Bodies Corporate) Regulations 1999 are triggered.
[3] In some instances, native title claim groups will create a new organisation whose sole purpose is to act as an RNTBC.
Alternatively, they may nominate an existing corporation to become the RNTBC as long as it is already incorporated under the CATSI Act and complies with the provisions of the NTA.
Where native title groups have received financial settlements, RNTBCs may become part of a corporate structure which can include charitable trusts, companies, and other Aboriginal and Torres Strait Islander corporations, each of which may perform different or similar functions to achieve the objectives of the native title group and some of which may be incorporated under the Commonwealth Corporations Act 2001, which applies to the broader Australian community.
[8][7] Statutory differences between PBCs and other corporations, under the Native Title Act (NTA):[citation needed]