cheap lenses australia

Site Archives Corporate governance

New incorporated societies legislation recommended

The Law Commission has released its final Report on the Review of the Incorporated Societies Act 1908.  The Report, which is titled A New Act for Incorporated Societies (R129, 2013) recommends new incorporated societies legislation in place of the current act: The Incorporated Societies Act 1908.

The Law Commission recommends that new legislation should:
  • provide a set of basic duties for committee members and any other officers of societies
  • provide a procedure for dealing with financial conflicts of interest
  • require every society to include disputes procedures in its constitution
  • provide a model constitution that a society can adopt as an alternative to drafting its own constitution

 The Report is available here.

Recent comments

  • Joanne Martin: Hi Would you be able to email me to discuss a small company that is an LTC which I need some advice on...
  • Rizwana Saheed: You are on the right track that there is an exemption when employees work overtime but whether or not...
  • bryan: as a group of employees we get paid meal money if we exceed 11hrs on any day. Employer says he wants to tax...
  • linda: My mother is 94 and has dementia. With govt assisted carers she is still living in a home gifted within the...
  • Sharon: Hi Daniel, Can you please advise how owners of a profit-making LTC pay themselves? The owners used to pay...
  • Another Anne: My Dad is in care on full subsidy. I am EPOA. Are we able to gift some money to my brother in UK so...
  • Twagilayesu Isaya: I agree with the author of this article that Inland Revenue Department need to provide clear...
  • Quinn: Hi. I would like some clarification regarding the valuation of the investments component of the owners basis...
  • QROPS Pensions: Interesting piece of writing, you always write the most useful content & TalkTax is no exception...
  • Davo: Jo, quite likely is that the transition to an LTC was not done in time and the company became a normal company...

Upcoming Events

  • No events.

Poll

In the past 12 months, do you think the amount of IRD investigations being undertaken has?

View Results

Loading ... Loading ...