In late November 2019, the Associations Incorporation and Other Legislation Amendment Bill 2019 was introduced into the Queensland Parliament. The bill was passed on 16 June, 2020.
The bill applies to some 22,000 incorporated association as well as some 3,200 ACNC charities that are also registered under the Queensland Collections Act for fundraising purposes. It will finally relieve Queensland charities of duplicated annual financial reporting under the Associations Incorporation Act (AIA) and also the Collections Act. Plans are for the changes to be implemented before the reporting deadlines for of 2020-21 reporting period. There are also a number of important reforms for incorporated associations including new governance standards and obligations for officeholders.
Regulations for the Act have not yet been made public.
A webinar held by ACPNS in April this year discussed the bill and its ramifications for nonprofits across Queensland. The webinar was facilitated by Emeritus Professor Myles McGregor-Lowndes and he was joined by Paul Paxton-Hall, Director of Paxton-Hall Lawyers and specialist in nonprofit law.
To find out more about the bill and what it may mean for your nonprofit, download the recording now.