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Not For Profits Not for profit (NFP) entities may take any number of corporate forms the most common being: Companies limited by guarantee. Non-distributing co-operatives. Incorporated associations. Entities incorporated under the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI) with rules that prohibit the distribution of surpluses or profits to members. NFPs must have […]
What you need to know WHAT IS THE PURPOSE OF CATSI? The Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI) allows for a suitable form of incorporation under Commonwealth law for Aboriginal and Torres Strait Islander Corporations. The Corporations Act 2001 is not a suitable structure for these types of entities as it is […]
This article is for information only and you should seek specialised advice based on your own circumstances Many agribusiness entities and all irrigation water supply entities in Australia, both government and privately owned, have at least one director who has day to day commercial dealings with the entity,so it is important to consider how these […]
The AGM Navigator’s 11 point Checklist; RULES AND RESOLUTIONS Have you updated your rules or are any other special resolutions proposed for the AGM? DEADLINE NOTIFICATION Have you notified members of their right to nominate for position of Director. Has the closing deadline been established to send proxy forms and Notices, with time to complete […]
There are a range of entity structures that are suitable for establishing a not for profit in Australia. Each structure is designed to meet specific needs what suits one organisation may not suit another. The main choices of organisational structures for not for profit organisations are: Incorporated associations ( for small scale organisations), Non-distributing co-operatives […]
Cooperatives around Australia are incorporated under the relevant State or Territory Government’s Cooperatives Act. In forming a cooperative in Australia you must have: A minimum of 5 potential members; A minimum of 3 member directors; Draft Rules; and a Draft Disclosure Statement Prior to forming a cooperative the draft Rules and draft Disclosure Statement must […]