Third Dimension

Third Dimension is our free legal newsletter for charities, not-for-profits, community groups etc.

We hope you will find this useful and informative for keeping up to date with recent news, cases and legislative changes in the Charity and Not-for-profit sector.

If you have any queries, please contact Vera Visevic, Partner of the Sydney office.

Issue 17: Winter 2017

Australian Financial Services Licences – Does Your Charity Need One, and is your Charity Otherwise Compliant?

In what is an increasingly commercial environment for charities, many organisations are now engaging in commercial activities in order to fund their charitable purposes. These commercial activities can include social enterprises, ethical investment, and commercial fundraising.

Accounting Standard 1058 and the ‘Cost’ of Volunteer Services

Under the new Australian Accounting Standards Board (AASB) income reporting standard, AASB 1058 Income of Not-For-Profit Entities (AASB 1058), not-for-profits (NFPs) may be required to report volunteer services as income.

Directors and Management Committees Beware: Insolvent Trading

Australia has some of the most severe and wide-reaching provisions prohibiting insolvent trading. It is essential that organisations are aware of the indicators and consequences of insolvent trading, and implement processes to protect the organisations and their officers from harm.

For when things go wrong: directors and officers insurance and indemnities

It is clear that officers of not-for-profit organisations contribute a great deal to their cause, often at a personal cost. In addition to their investment of time and energy, officers are also authorised and expected to take risks on behalf of their organisation.

Issue 16: Summer 2017

Issue 15: Spring 2016

Issue 14: Winter 2016

Issue 13: Summer 2016

Issue 12: Winter 2015

Issue 11: Summer 2014

Issue 10: Spring 2013

Issue 9: Winter 2013

Issue 8: Summer 2012

Issue 7: Spring 2012

Issue 6: Winter 2012

Issue 5: Summer 2011

Issue 4: Spring 2011

Issue 3: Winter 2011

Issue 2: Autumn 2011

Issue 1: Spring 2010

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