Australia enjoys a thriving not-for-profit culture. Philanthropy, peak representation and community activities are fostered through not-for-profit organisations across the country. Emily Shoemark, Senior Associate with Snedden Hall & Gallop explains why the structure of the organisation is important.
The organisational structure that will work best for your not-for-profit will depend on a number of factors, including what the organisation will be doing, how large you expect it will be and the goals of the organisation.
In Australia, not-for-profit organisations can be structured as a company or an incorporated association. Some of the general key features of both structures (there can be exceptions) are compared in this handy table.
As the requirements for each not-for-profit entity will differ considerably, and there can be exceptions to the guidelines presented in the table above, it is essential that you seek expert advice in relation to your needs and the options that are available to you.
How can Snedden Hall & Gallop assist?
If you are part of a not-for-profit organisation’s board or committee, please contact our experienced Business team for advice on the best organisational structure for your not-for-profit. Please call us today for assistance with any aspect of not-for-profit governance by email or call us on (02) 6285 8000.