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  • Checklist

    Consider the following questions, together with the other information we have provided, when working out whether your organisation is a public fund.


    Is your organisation a fund and not an institution?


    Do the objects clearly set out the purpose of the fund?


    Do the rules clearly set out that the public will be invited to contribute to the fund?


    Does the public or a significant part of it, in fact, contribute to the fund?


    Is the fund set up such that it continues to be controlled by a majority of people who meet the responsible persons requirement?


    Is the fund operated on a non-profit basis, with suitable non-profit and dissolution clauses in its constituent or governing documents?

    See also:

      Last modified: 12 Oct 2016QC 26411