Billions of dollars are raised in crowdfunding campaigns around the world, but fundraising platforms can throw up complex legal issues ranging from tax to consumer and criminal law. What is crowdfunding? Crowdfunding allows anyone to raise money for anything, anytime, anywhere. Crowdfunding has grown rapidly in recent years as a popular method of online fundraising […]
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A charity must meet the ACNC’s governance s Standards to be registered and remain registered with the ACNC. The standards for charities are set out in the Australian Charities and Not-for-profits Commission Regulation 2013 (Cth). Standard 1: Purposes and not-for-profit nature A charity must: be not-for-profit, operate for public benefit work towards it charitable purpose.
According to the Australian Charities and Not-for-profits Commission charities account for 11% of total employment in Australia. Charities are a subset of not-for-profit organisations and receive distinct tax benefits as a matter of public policy to facilitate their positive work in the community. Charity law is a distinct, complex and highly specialised area of the law.