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Category: Foundations

To ABN or not to ABN?

April 19, 2025 admin

There are pro’s and cons for all our actions, privately or in business, and we must sit and think about…...

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Posted in: Both Trusts and Foundations, Foundations

Trusts, Foundations and Property

May 30, 2024 admin

Many have their property in a trust and after creating a private foundation are looking for ways to move the…...

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Posted in: Both Trusts and Foundations, Foundations, Trusts

Memberships

December 27, 2023 admin

Why would your foundation have members? Foundations are in place to benefit the community. Do not apply the word community…...

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Posted in: Foundations

Philippines rejects WHO

December 2, 2023 admin

Philippines notifies WHO it rejects the amendments to International Health Regulations “in toto”. We all know by now that every…...

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Posted in: Both Trusts and Foundations, Foundations, Trusts

What does the govt say about Not-for-profit organisations?

April 20, 2023 admin

This document has been downloaded from Treasury.gov.au There are few very very interesting snippets to see here. The government had…...

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Posted in: Foundations

Paper Quality

March 15, 2023 admin 4 Comments

Choosing the right paper for your deeds is really important. We spent months researching deeds and bonds and have been…...

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Posted in: Both Trusts and Foundations, Foundations, Trusts

Foundation Liability

March 6, 2023 admin

What protection does the foundation provide to members? What does the law do when compensation is required by a victim?…...

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Posted in: Foundations

Don’t keep all your eggs in one basket

March 1, 2023 Debbie

We all know the saying, don’t keep your eggs in one basket, and this means to spread your assets around…...

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Posted in: Both Trusts and Foundations, Foundations, Trusts

Banks and Interest

February 23, 2023 admin

Do you need to give your bank a TFN or ABN or an exemption code when opening a bank account…...

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Posted in: Both Trusts and Foundations, Foundations, Trusts

Public Appearance

February 11, 2023 admin

Your foundation is operating in the private side of our world, meaning that the foundation is not a publicly registered…...

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Posted in: Foundations

Unincorporated Associations

February 5, 2023 admin

Foundations do not have a legal status and so therefore is not a seperate person from its members. This means…...

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Posted in: Foundations

Director update 3

January 19, 2023 Debbie

Carrying on the discussion about the Director ID (DID) and it being lawful or not. As we know it is…...

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Posted in: Both Trusts and Foundations, Foundations, Trusts

Director ID update continued

January 10, 2023 Debbie Goudy

So then I wrote to the Attorney General’s Office to ask if the DID is in fact law? There was…...

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Posted in: Both Trusts and Foundations, Foundations, Trusts

Director ID update

Debbie Goudy

While everyone is running around getting their knickers in a knot over the Director ID being enforced with heavy fines…...

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Posted in: Both Trusts and Foundations, Foundations, Trusts

Bookkeeping & Accounting

August 31, 2022 admin

[Public Post] Trusts and Foundations MUST keep accounting records. Many teach that they do not because these entities are private…...

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Posted in: Both Trusts and Foundations, Foundations, Public, Trusts

Business Type Number

August 26, 2022 admin

Every business has been allocated an industry type and you should findyours. These codes are used by the ATO, banks…...

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Posted in: Both Trusts and Foundations, Foundations, Trusts

Banks to bank with

April 6, 2022 admin 1 Comment

This list will be updated as members let me know which banks will provide an account for foundations. Just because…...

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Posted in: Foundations

Ways around the bank issues

March 31, 2022 admin

I have now seen a copy of a Westpac letter written to one of our members stating the bank is…...

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Posted in: Foundations

Westpac Bank update

January 24, 2022 admin

Now that the banks are showing their might and changing our world, it has become apparent that Westpac is playing…...

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Posted in: Foundations

Banking changes

January 13, 2022 admin

The banks are in the process of going digital with the convid vax passport. All new companies registered for an…...

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Posted in: Foundations

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  • Employment, Salary Sacrificing, Trusts and more…August 7, 2025
    Everyone has been scrambling for years to figure out a…
  • To ABN or not to ABN?April 19, 2025
    There are pro’s and cons for all our actions, privately…
  • Trusts, Foundations and PropertyMay 30, 2024
    Many have their property in a trust and after creating…
  • The trust tax burdenMay 24, 2024
    For those with a trust, you will know that the…
  • Trusts and registrationMarch 18, 2024
    Should a trust be registered or should a trust be…
  • Funny how things changeMarch 1, 2024
    Looking over the Companies Acts of current time and times…
  • MembershipsDecember 27, 2023
    Why would your foundation have members? Foundations are in place…
  • Stripe Data Privacy Framework PolicyDecember 23, 2023
    Effective date: September 29, 2023  – Updates to legal terms…
  • Philippines rejects WHODecember 2, 2023
    Philippines notifies WHO it rejects the amendments to International Health…
  • EntitiesNovember 17, 2023
    What entity are you? If found this today while reading…
  • Trusts and TaxesSeptember 6, 2023
    Trust accounting records are for the purpose of keeping records…
  • Documented historyAugust 22, 2023
    A foundation is a pertual entity and can outlive any…
  • What does the govt say about Not-for-profit organisations?April 20, 2023
    This document has been downloaded from Treasury.gov.au There are few…
  • Trust Deed amendmentApril 16, 2023
    There are many ways to write a trust and a…
  • Manager AccountsApril 7, 2023
    The details on how to set up a new file…
  • Business owned by a trustMarch 28, 2023
    Income is income is taxable, right? Is this a strong…
  • Paper QualityMarch 15, 2023
    Choosing the right paper for your deeds is really important.…
  • Foundation LiabilityMarch 6, 2023
    What protection does the foundation provide to members? What does…
  • Trusts and Eggs in BasketsMarch 1, 2023
    Does a trust keep property in one basket? Does a…
  • Don’t keep all your eggs in one basketMarch 1, 2023
    We all know the saying, don’t keep your eggs in…
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