Governance & Compliance
Discover legal updates, practical tips, and insights from the LawBridge team to keep you informed.
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Introduction Engaging in a related party transaction is a common and often beneficial practice for a charity. However, these arrangements can introduce significant governance risks, such as real or perceived
Introduction For any Australian charity, preparing an annual financial report is a critical responsibility, forming a key part of its obligations to the Australian Charities and not-for-profits Commission (ACNC), a
Introduction For not-for-profit (NFP) organisations, understanding what operating as a not-for-profit organisation means is the first step to maintaining the financial compliance fundamental to ensuring transparency and upholding public trust. Not-for-profits registered
Introduction For any Australian charity with a membership base, ensuring accountability to members is a core requirement under the ACNC Governance Standards. Governance Standard 2 is specifically designed to ensure
Introduction For any not-for-profit (NFP) organisation, managing charity reserves is a vital component of good governance, playing a critical role in ensuring long-term financial stability and sustainability. Despite their importance,
Introduction For any Australian charity registered with the Australian Charities and Not-for-profits Commission (ACNC), comprehending ACNC Governance Standard 6 is crucial. This specific governance standard is intrinsically linked to the
Introduction For any charity or not-for-profit organisation, correctly distinguishing between volunteers and employees is a critical responsibility, yet the legal distinctions can often be complex. This understanding is fundamental for
Introduction Effectively managing conflicts of interest is fundamental for every charity’s board or committee to maintain integrity and adhere to governance standards set by the Australian Charities and Not-for-profits Commission
Introduction Not-for-profit organisations and charities in Australia are increasingly exploring mergers, acquisitions, and restructures as strategic avenues. These significant undertakings often arise from the need to navigate increasing compliance pressures,
Introduction For any not-for-profit organisation, understanding and upholding whistleblower protections is a critical aspect of good governance. The legal landscape, significantly shaped by the Corporations Act 2001 (Cth), requires not-for-profits
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Introduction Receiving a “show cause” notice from the Australian Charities and Not-for-profits Commission (ACNC) is a critical event for any charity. This formal document signifies the ACNC Commissioner’s intention to
Introduction For any charity in NSW, a charitable bequest represents a vital component of long-term funding and a donor’s estate plan. Unfortunately, these essential gifts in wills can become the
Introduction The Australian Securities and Investments Commission (ASIC) has confirmed its new approach to publishing internal dispute resolution (IDR) data, a significant shift that directly impacts charities holding an Australian
Introduction Following the Federal Court of Australia’s judgment in the Equality Australia case, the Australian Charities and Not-for-profits Commission (ACNC) has released an updated Commissioner’s Interpretation Statement on Public Benevolent
Introduction For any not-for-profit (NFP) or religious institution, facing insolvency presents a unique and complex set of challenges that differ significantly from those in the commercial sector. The duties that
Introduction For any charity, holding Deductible Gift Recipient (DGR) endorsement from the Australian Taxation Office (ATO) is crucial for securing donations. This status allows an organisation to receive a deductible