About the Company
Indigenous Art Code Limited (IartC) was established to provide a governance and legal structure for the administration of the Indigenous Art Code. As a voluntary code of conduct, it was important that a structure be established for industry to manage the Code. The public company structure was chosen for several reasons:
- The model allows for the industry to manage the Code, independent from government.
- The liability of Members is able to be quantified up front (in this case $50) which provides protection to members.
- IartC is governed by the Corporations Act 2001 which contains details on the obligations of Companies, Directors and Secretaries. This provides a clear legal framework for the Code’s administration.
IartC’s objectives, rules and processes are set out in the Constitution of Indigenous Art Code Limited.
To become a signatory to the Code, Dealers must be a Member of IartC.