NSW Reviews Associations Act
2 July 2015 at 10:48 am
NSW Fair Trading is undertaking a statutory review of the Associations Incorporation Act 2009 – the law that governs the incorporation of many small, Not for Profit organisations.
Fair Trading said the aim of the review is to identify if there are any issues and ensure the Act continues to work as intended.
There are more than 36,000 incorporated associations registered in NSW, which are generally community-based entities run by volunteers. Approximately 98 per cent of associations fall into a Tier 2 category of associations, whose gross receipts do not exceed $250,000 or current assets do not exceed $500,000 for the last financial year.
Examples of incorporated associations include sporting clubs, art and craft groups, ethnic and cultural groups, musical societies, childcare services and environmental groups.
Fair Trading is also conducting an online survey as part of the statutory review of the Associations Incorporation Act 2009, along with face-to-face meetings with major stakeholders.
Complete the online Review of the Associations Incorporation Act 2009 survey here.
In 2013 NSW Fair Trading released a Discussion Paper called Improving governance within incorporated associations for public comment. The Paper focused on governance of associations, exploring possible solutions and aiming at strengthening governance while not placing undue burden on associations.
The consultation received 157 submissions. Fair Trading said the issues raised in submissions will be considered in the review. The final report will be prepared for the Minister.
The survey will close on 7 August 2015.