Boundless appeal: Mike Cannon-Brookes.The donations are only public knowledge because Dempsey had to update his register of interests with Bundaberg Regional Council with any gifts valued over $500.
However, a grey area exists where a charity can make political donations without those donations, or their support for political candidates, being considered the purpose of that charity. Furthermore, “In determining whether a charity has a disqualifying political purpose, the ACNC will consider all the relevant circumstances of the charity, including its governing rules and its activities. Assessment of these matters will be a question of fact and degree.”If Boundless spends $10 million annually on environmental projects and $100,000 triennially on political donations, it may well be on safe ground.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Should banks be freed to lend with super?It would be a political decision to reduce the capital buffers protecting Australia’s banks in order that they can co-lend with super funds. Only with very strict oversight from an independent body
Source: FinancialReview - 🏆 2. / 90 Read more »
Ukraine bans Independence Day festivities citing Russian threatUkraine's capital Kyiv will ban public celebrations this week commemorating independence from Soviet rule.
Source: abcnews - 🏆 5. / 83 Read more »
Victorian political parties clash on health policyThere are duelling health pledges from Victoria's political parties ahead of November's state election. Stop lying 🤣🤣🤣 DANSLIDE is coming
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Laura Kuenssberg: Boris Johnson’s personality led to downfall as PMFormer BBC political editor likens prime minister’s demise to game of Jenga in British Vogue interview
Source: GuardianAus - 🏆 1. / 98 Read more »
Alumina says unit costs have peaked as commodity price slidesHigher energy and input costs drove a 32 per cent surge in the cost of making alumina, but Mike Ferraro believes the trend has peaked.
Source: FinancialReview - 🏆 2. / 90 Read more »
Expert’s warning on ‘nation-building’ superRetirement income review head Mike Callaghan says super funds must focus on delivering financial returns for members and not stray into risky nation-building projects. The AFR has been beating the same tired drum about industry super funds for decades, all while ignoring the facts that industry funds are required to put members first, consistently deliver far higher returns for members than retail funds, & are some of most trusted orgs in Oz. The whole super industry is too busy ticket clipping to worry about returns. It should be legislated that the compulsory super component cannot be used for high risk projects
Source: FinancialReview - 🏆 2. / 90 Read more »