 Native title prescribed body corporate

A prescribed body corporate for the purposes of native title is a corporation required to be nominated by a group of Aboriginal or Torres Strait Islander people to hold and manage (as trustee) or manage (as agent) their native title rights and interests when that group has succeeded in having their native title recognised in a Federal Court determination.These corporations are known as prescribed bodies corporate (PBCs), as they have prescribed characteristics under the "Native Title Act 1993", including that they are incorporated under the "Corporations (Aboriginal and Torres Strait Islander) Act 2006" ("CATSI Act").