The legal structure for a charity in Australia entails a long list of options.
Legal Structure For a Charity
Australia has around 60,000 charities registered with the ACNC.
We are not lawyers.
So please just read this for entertainment and amusement.
The national regulator of registered charities is the Australian Charities and Not-for-profits Commission (ACNC). Their website is helpful with a wealth of information. The following is a first short overview to get you started.
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Charitable trusts are often set up through a bequest in a will, but do not have to be. They often involve a large amount of money.
The trust starts with an initial corpus of money that may be held in perpetuity. The interest earned on this corpus – be it all or just a certain percentage – is then granted to particular causes or organisations.
A trust’s deed may require that the trust only makes grants to non-profit organisations or to charities. This might be the case to retain tax-exempt status.
Using third party administrators allows charitable trusts to continue in perpetuity beyond the lives of the people who established the trusts.
Foundations include family foundations, community foundations as well as private and public ancillary trusts.
Instead of establishing a foundation yourself, you can set up a sub-fund in an already established foundation. A foundation offering such sub-funds is a public ancillary trust.
Private Ancillary Trust
Public Ancillary Trust
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Last Updated on 14 November 2019