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  • Developing country relief fund

    For the Treasurer to declare a public fund to be a developing country relief fund, the fund's documents must confirm several things, found in the checklist.

    Checklist of clauses

    • Rules and objects of the relief fund. A relief fund must have its own rules and objects. Clauses governing the establishment and administration of a relief fund can be inserted into an organisation's founding documents or can be contained in a separate document, which should be kept with the founding documents.
    • Receipts to issue in the name of the relief fund
    • Public invited to contribute. You must include a clause to state that the public are invited to contribute to the relief fund.
    • Management committee. A clause is required to state that the relief fund must be managed by members of a committee, and that the majority of committee members must have a degree of responsibility to the community. As a majority is required, the committee must be made up of at least three members.
    • Non-profit clause. A clause is required with words to the effect that the public fund must operate on a non-profit basis. This is separate to the non-profit clause for the organisation as a whole.
    • Winding-up clause. A clause is required with words to the effect that, should the organisation or the relief fund be wound-up, any surplus money or other assets in the relief fund will be transferred to some other fund qualifying under the OAGDS to which income tax deductible gifts can be made.
    • ATO advised of changes. An undertaking in writing or the inclusion of a clause in the founding documents is required to the effect that we will be notified of any changes to them, reflecting on the operational or financial arrangements of the fund.
      Last modified: 12 Oct 2016QC 16805