Changes for Prescribed Associations in South Australia
From 1 January 2017 prescribed associations who elect to register (or continue to be registered) with the Australian Charities and Not-for-Profits Commission (ACNC) will, after this year, no longer be required to also lodge financial statements with Consumer and Business Services (CBS).
Prescribed incorporated associations registered with the ACNC will still be regulated under the Associations Incorporation Act.
If you need further assistance please see the FAQs – Changes to charities and prescribed associations operating in SA or contact CBS on firstname.lastname@example.org or (08) 8204 8514.
Statutes Amendment (Commonwealth registered Entities) Act 2016 received Royal Assent on 2 June 2016.
Incorporation is a voluntary, simple and inexpensive means of establishing a legal entity, separate from the individual members. It is an alternative to forming, for example, a company limited by a guarantee, or co-operative. It is particularly suitable for small, community-based groups. In other words, the association is considered by law to have a distinct identity that continues despite changes to its membership.
Incorporated Associations are not profit organisations. Any profits made should be kept by the association and should not used by members for personal gain.
- How to Incorporate: a guide to the Associations Incorporation Act 1985. For a hard copy of this document phone 8204 8514.