Charitable Trusts and Incorporated Associations
Charitable trusts are trusts set up to hold money or assets and carry out activities for the benefit of the community. In Australia, five main types of charitable trusts exist:
Australian charitable trust
General charitable trust
Prescribed charitable trust
Deductible gift recipient
Prescribed private fund
Each type of charitable trust brings with it different requirements and benefits. At Jamiesons Chartered Accountants we know the practicalities of charitable trusts. We are able to assist you by:
Preparing the trust deed
Applying to the ATO for an ABN
Organising tax exemptions where applicable
Most importantly, our experiences enables us to ensure that your trust is used to effectively reach your charitable goals.
An Incorporated Association may also be the way to go.
You would then have to register as a charity in Queensland and, to operate in other States, apply to ASIC to be a Registered Australian Body.
See http://www.fairtrading.qld.gov.au/incorporated-associations.htm
Charities:
http://autismgoldcoast.com.au/