The Registrar of Aboriginal and Torres Strait Islander Corporations, Tricia Stroud, will use her powers under the Corporations (Aboriginal and Torres Strait Islander) Act 2006 to deregister up to 371 Aboriginal and Torres Strait Islander corporations for failing to lodge reports.

The Registrar said most of these corporations have failed to lodge reports for the past two years; some for longer.

"My office continues to contact these corporations and offer support to lodge overdue reports," Ms Stroud said.

"We have heard from a few of these corporations. The rest, whom we don't hear from in the next few weeks, will be deregistered."

Under the Act a corporation may be deregistered or face penalties of up to $34,375 for corporations, and $6,875 for secretaries, for each report not lodged, depending on the timing and the circumstances of the offence.

There is no fee for lodging reports.

In October 2022 the Registrar sent a notice to each corporation she believes is no longer operating to notify them of her intention to deregister them.

The reporting and deregistration status of every individual corporation is available in its records in the public register on oric.gov.au.

The Registrar publishes a consolidated list of corporations who have not lodged reports.

This week Ms Stroud updated the list to show status with reporting requirements for 2021–22 and whether deregistration action is in progress for these non-compliant corporations.

The list updates each night after checking ORIC's system for lodged reports.