The Australian Charities and Not-for-profits Commission (ACNC) on Thur 11.12.2014, released a template constitution to assist small charitable companies limited by guarantee.
The new template constitution is designed to help small organisations with simple membership that are:
- a not-for-profit organisation that wants to incorporate as a company limited by guarantee and register as a charity with the ACNC;
- an existing company limited by guarantee that that wishes to become a charity registered with the ACNC; or
- an existing company limited by guarantee that is a registered charity and wants to update its constitution.
The template constitution is supported by a detailed clause-by-clause guide, a quick checklist for completing the constitution and a table that sets out which sections in the Corporations Act 2001 may be relevant to clauses in the template constitution.
The ACNC notes the template has been reviewed by the ATO and ASIC to ensure it meets the requirements of the Corporations Act and the ACNC Act.
[LTN 240, 11/12/14]