Abstract
considers the choice as operating structure of NFPs and recommends a uniform operating structure that might be used for all. The company limited by guarantee is a useful structure since the provisions of the Corporations Act2001 (Cth) ('Corporations Act') offer day-to-day operating rules and law. This article suggests that a new chapter be inserted into the Corporations Act specifically to account for NFP activities. The recommendations draw upon the recent English inquiry and legislative amendments. We also refer to the January 2011 Australian Government consultation paper, Scoping Study for a National Not-for-Profit Regulator, that considers the feasibility of a nation-wide regulator.
| Original language | English |
|---|---|
| Pages (from-to) | 1-22 |
| Number of pages | 22 |
| Journal | Corporate Governance eJournal |
| Publication status | Published - 2012 |
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Educational institutions, corporate governance and not-for-profits. / Lessing, John; Morrison, David; Nicolae, Maria.
In: Corporate Governance eJournal, 2012, p. 1-22.Research output: Contribution to journal › Article › Research › peer-review
TY - JOUR
T1 - Educational institutions, corporate governance and not-for-profits
AU - Lessing, John
AU - Morrison, David
AU - Nicolae, Maria
PY - 2012
Y1 - 2012
N2 - Schools are a big part of the not-for-profit ('NFP') sector in Australia. This article considers the choice as operating structure of NFPs and recommends a uniform operating structure that might be used for all. The company limited by guarantee is a useful structure since the provisions of the Corporations Act2001 (Cth) ('Corporations Act') offer day-to-day operating rules and law. This article suggests that a new chapter be inserted into the Corporations Act specifically to account for NFP activities. The recommendations draw upon the recent English inquiry and legislative amendments. We also refer to the January 2011 Australian Government consultation paper, Scoping Study for a National Not-for-Profit Regulator, that considers the feasibility of a nation-wide regulator.
AB - Schools are a big part of the not-for-profit ('NFP') sector in Australia. This article considers the choice as operating structure of NFPs and recommends a uniform operating structure that might be used for all. The company limited by guarantee is a useful structure since the provisions of the Corporations Act2001 (Cth) ('Corporations Act') offer day-to-day operating rules and law. This article suggests that a new chapter be inserted into the Corporations Act specifically to account for NFP activities. The recommendations draw upon the recent English inquiry and legislative amendments. We also refer to the January 2011 Australian Government consultation paper, Scoping Study for a National Not-for-Profit Regulator, that considers the feasibility of a nation-wide regulator.
M3 - Article
SP - 1
EP - 22
JO - Corporate Governance eJournal
JF - Corporate Governance eJournal
SN - 1836-1110
ER -