When establishing a not-for-profit organisation, there are several entity types you could choose from, however the two most common entity types are incorporated associations and companies limited by guarantee. It is useful to compare the differences between these two...
In last week’s blog we discussed the concept of ‘affinity fraud’ and some of the features of Interest Groups (such as sporting clubs, social networks and places of religion) that may make those groups vulnerable to fraud. In this week’s...
Sporting clubs, social networks, places of religion and cultural clubs are an integral part of our society. Given the broad range of groups that this captures, in this article I will refer to them collectively as “Interest Groups”. Interest Groups bring people...
On 5 December 2011 the ATO released draft taxation ruling TR 2011/D5 – Income Tax: School or College Building Fund, inviting comments from the public. The 2011 draft is now finalised with the release of Taxation Ruling TR 2013/2 Income tax: school or college...
For registered charities that operate as a company, some of your reporting obligations which were previously made to ASIC should now be made to the Australian Charities and Not-for-Profits Commission (ACNC). If your charity is subsequently deregistered with the ACNC,...
Further to my blog of 16 November 2012, the Australian Charities and Not-for-profits Commission Bill 2012 was given the Royal Assent on 3 December 2012, and therefore the much anticipated Australian Charities and Not-for-profits Commission (ACNC) is now open for...
CHILD PROTECTIONS FOR NFP ORGANISATIONS – #2 UPDATEDecember 17, 2019
