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Welcome to PHBC PYRMONT HERITAGE BOATING CLUB was incorporated as an association on 15th July 2005.
The Committee is made up of the following volunteers operating under the Model Rules for incorporated associations under the Act 1984. Secretary - Michael Bolton-Hall mbl:0419 433 761. email: This email address is being protected from spam bots, you need Javascript enabled to view it Treasurer - Greg Smith Commodore- Orion Alderton Ordinary member- Paul Connor Ordinary member - Phillip Clarke Ordinary member - David Baxter
The club was started with the following Missions: - to revive inner city community boating. - to engage youth in heritage, community, maritime industry. - to provide community access to harbour culture.
The Club is accomplishing these missions in practise by providing opportunities for youth. The following Clauses confirm Organisational status: Not For Profit: Clause.1.1. The club is a not for profit organisation and any assets and income is solely for the furtherance of the above missions and no portion shall be distributed directly or indirectly to the members except as bona fide compensation for services incurred on behalf of the organisation. Clause.1.2. Winding up. Upon Dissolution any surplus assets remaining after payment of liabilities shall be transferred to another organisation in Australia which is a public benevolent institution.
Deductible Gift Recipient. Clause.2.1. Deductible Gift Recipient status will be maintained by the club to facilitate tax deductible benefits for donations. In order to do this the club will apply to the Register of Cultural Organisations and as required establish a seperate public fund account to receive donations and gifts from the public. The Public fund will be called Pyrmont Waterman Fund to raise funds for the cultural preservation of boating activity in the days of sail and oar. Clause.2.2. Public Fund. The Association will establish and maintain a public fund. Clause.2.3. Donations. Donations will be deposited into the public fund listed on the Register of Cultural Organisations. These monies will be kept separate from other funds of the Association and will only be used to further the principal purpose of the Association. Investment of monies in this fund will be made in accordance with guidelines for public funds as specified by the Australian Taxation Office. Clause.2.4. Fund Management. The fund will be administered by a management committee or a subcommittee of the management committee, the majority of whom, because of their tenure of some public office or their professional standing, have an underlying community responsibility, as distinct from obligations solely in regard to the cultural objectives of [name of organisation]. Clause.2.5. Funds Distribution. No monies/assets in this fund will be distributed to members or office bearers of the Association, except as reimbursement of out-of-pocket expenses incurred on behalf of the fund or proper remuneration for administrative services. Clause.2.6. Amendment Notifications. The Department responsible for the administration of the Register of Cultural Organisations will be notified of any proposed amendments or alterations to provisions for the public fund, to assess the effect of any amendments on the public fund’s continuing Deductible Gift Recipient status. Clause.2.7. Gift Receipts. Receipts for gifts to the public fund must state:
- the name of the public fund and that the receipt is for a gift made to the public fund;
- the Australian Business Number of the company;
- the fact that the receipt is for a gift; and
- any other matter required to be included on the receipt pursuant to the requirements of the Income Tax Assessment Act 1997. Clause.2.8. Winding up. If upon the winding-up or dissolution of the public fund listed on the Register of Cultural Organisations, there remains after satisfaction of all its debts and liabilities, any property or funds, the property or funds shall not be paid to or distributed among its members, but shall be given or transferred to some other fund, authority or institution having objects similar to the objects of this public fund, and whose rules shall prohibit the distribution of its or their income among its or their members, such fund, authority or institution to be eligible for tax deductibility of donations under Subdivision 30-B, section 30-100, of the Income Tax Assessment Act 1997 and listed on the Register of Cultural Organisations maintained under the Act.
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