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Setting Up OpenAustralia to do list
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Since the company is to be set up for charitable purposes as defined by The form 201 which has an entry for Section 150 companies and special purpose companies.
The form 201 it states that "The exception to the requirement for using ‘Limited' in the company name granted under s150 applies to public companies that are limited by guarantee only. ie no financial share component.
A Form 432 must be submitted with this application. There are three categories of special purpose company, one of which is not-for-profits, so we need to tick that box too. (No further forms required)
3 directors and 1 secretary and at least 1 member for the Not For Profit Organisation which runs OpenAustralia
- Katherine Szuminska
- Matthew Landauer
- Helen Reynolds
Because we're going for Section 150, from the outset we need a constitution and can not operate under replaceable rules
More research to be done here. I found an example online from Vision Australia which would appear to cover the requirements of not-for-profit. However I've not found the specific guide for constitution wording which is apparently detailedon the ATO website. Its referred to in the ASIC website, but the link only goes to the top level of the ATO website, and a search for this constitution wording at the ATO website has so far drawn a blank.
As a public company limited by guarantee we must
- Have a registered office address and principal place of business located in Australia
- Have its registered office open and accessible to the public (either 10-12 and 2-4 or 3 hours a day which must be specified at the time of registration.
- Notification of changes need to be sent through to ASIC, I think this will incur a fee.
with details filled in as above & pay the scheduled fee:
- 201L ~ Public company and s150 company $330
Apply for an ABN number with the ATO.
with the ATO Charities and other not for profits can benefit from tax exemption or tax concessions. Its necessary to be endorsed for tax exemption and register for tax concessions.