The Ginninderra Falls Association (GFA) is already a charity registered by the Australian Charities and Not-for-profits Commission (ACNC) and, as such, does not need to complete the Australian Taxation Office's (ATO) new not-for-profits’ (NFP) self-review form.
Notwithstanding this, the GFA committee is recommending we change our constitution to stress in our governing rules, ie, our constitution, that our income and assets are to be used solely for GFA purposes.
The motion will be:
The following clauses are to be inserted:
The association payments must be:
authorised by the treasurer or, in this person’s absence, by another committee member that the committee nominates for that purpose; and
co-authorised by any other unrelated officer provided that he or she does not have a financial interest in the payment.
The assets and income of the association must be applied exclusively to the promotion of its objects and no portion is to be paid or distributed directly or indirectly to the members except as proper remuneration for services rendered or expenses incurred on behalf of the association.
The association may pay a member for services actually rendered or for goods supplied but must not pay a committee member for their service as an officer or committee member.
The association may pay a member:
interest, at the prevailing average rate payable by banks, for monies lent to the association by the member; or
a reasonable and proper amount of rent for premises let to the association by the member.
Add new comment