Identifying and managing conflicts of interest

It is common for potential conflicts of interest to arise in associations and clubs because people with a common interest are brought together and they are often involved in more than one community group or serve on a committee that provides social, sporting or recreational activities for their family and friends.

It is not possible to prevent all conflicts of interest occurring so it is essential that an association has processes in place to manage them. 

Tax reforms to affect real estate transactions involving foreign residents: Settlement agents bulletin issue 56 (June 2016)

29 June 2016

From 1 July 2016, sellers of real estate with a market value of $2 million or more will need to apply for a clearance certificate from the Australian Taxation Office (ATO) in order to receive all proceeds of the sale.

This follows the introduction of new taxation legislation which imposes a ten percent withholding tax on foreign residents selling property of this value.

Tax reforms to affect real estate transactions involving foreign residents: Real estate bulletin issue 116 (June 2016)

29 June 2016

From 1 July 2016, sellers of real estate with a market value of $2 million or more will need to apply for a clearance certificate from the Australian Taxation Office (ATO) in order to receive all proceeds of the sale.

This follows the introduction of new taxation legislation which imposes a ten percent withholding tax on foreign residents selling property of this value.

Notice of committee’s resolution to change rules

Form 5A

Use this form to record amendments made to an incorporated association’s rules (also known as the constitution) in order to comply with the Associations Incorporation Act 2015 (the Act) requirements.  The changes may be passed by the committee of management.

WARNING: It is an offence to fail to lodge within 28 days of the resolution, unless the Commissioner for Consumer Protection has granted further time under section 200(4).