10 Apr 2013
It has recently come to our attention that a complication has developed for incorporated associations wishing to transition to a public company limited by guarantee. The issue arises out of the implementation of a simplified transition process, which, though available for some time now in other States, has only recently been introduced in Queensland (through Part 11A of the Associations Incorporation Act 1981).
08 Mar 2013
The Governor-General has signed off on the Australian Charities and Not-for-profits Commission Amendment Regulation 2013 (No.1). Very little has changed between the Regulation as passed and the governance standards put to the not-for-profit sector for comment.
20 Feb 2013
The Personal Liability for Corporate Fault Reform Act 2012 (‘the Act’) was enacted late last year, delivering an important step toward disentangling the complex web of regulatory burden imposed on company directors and officers.
18 Feb 2013
The Board Matters team have prepared and lodged a submission in relation to the recently published ACNC Draft Governance Standards
07 Feb 2013
The Board Matters team have developed a draft submission in relation to the recently published ACNC Draft Governance Standards which are due to commence for charities from 1 July 2013.
01 Feb 2013
In December 2012, the Federal Government released a consultation paper concerning the introduction of governance standards for registered charities, as part of the Australian Charities and Not-for-profits Commission (ACNC) regulatory framework. Subject to further consultation, the standards are proposed to apply from 1 July 2013 and are intended to ensure that a minimum standard of governance is being met across all registered charities, whilst allowing enough flexibility to manage the organisation’s undertakings in accordance with its purposes and objectives.
11 Dec 2012
The Australian Charities and Not-for-profit Commission (ACNC), Australia’s first independent national regulator of the not-for-profit sector, commenced operations on 3 December 2012.
12 Oct 2012
Fortescue Metals Group Ltd (Fortescue) and its chairman Mr Andrew Forrest have been cleared by the High Court of several alleged contraventions of the Corporations Act.
10 Sep 2012
In 2012, the number of active social media accounts worldwide is set to soar past 1.5 billion. As the social media juggernaut continues to expand rapidly, it becomes increasingly important for directors to understand and harness the power of this invaluable resource.
23 Aug 2012
After prolonged negotiations with ASIC, former AWB Managing Director David Lindberg has been disqualified from acting as a director for over two years and been fined $100,000.