Edition 43, April 2007

Associations freed up to get on with the job in Queensland

Changes to legislation governing associations will come into effect later this year in Queensland. These changes will help reduce the administrative burden on associations and free them to concentrate on serving their members.

The Associations Incorporation and Other Legislation Amendment Bill 2006, passed on 15 March 2007, simplifies the annual auditing and public liability insurance requirements for many of the 20,000 registered associations in Queensland. The amendments were drafted in response to calls for reform of the non-profit sector.

The primary changes are:

  • the introduction of three levels of financial reporting requirements for associations, depending on their revenue and current assets
  • associations will no longer be required to take out public liability insurance unless they own, lease or hold land in trust. The management committees of all other associations must determine whether or not there is a need to take out insurance

All registered associations in Queensland will be given sufficient notice of the commencement of the new laws, together with more detailed information about the changes.

The changes are due to come into effect in the next financial year.

For more information on the amendments, download the Associations Incorporation and Other Legislation Amendment Bill 2006 from www.legislation.qld.gov.au/OQPChome.htm or visit the Office of Fair Trading website, www.fairtrading.qld.gov.au

This page was generated on 10 December, 2009

Tag cloud Tags: QLD,Associations. Click here to view the tag cloud.