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 Effective financial management is vital for the success and integrity of any charity. The duty of managing charity money responsibly rests with the organisation’s “Responsible Persons”—the board or committee
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 Selecting the appropriate legal structure is a foundational step for any not-for-profit (NFP) organisation in Australia, profoundly impacting its governance, operational capacity, and long-term sustainability. With several different legal
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 A claim of testamentary undue influence is a common basis for a will dispute in New South Wales, asserting that a person’s will is the result of coercion and does not
Introduction Serving as a board member for an organisation in Australia involves significant legal responsibilities, including key ACNC and ASIC duties, central to which are fiduciary duties. This fiduciary relationship is
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 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