Charitable Companies and Related Party Transactions

(2021) 38 (2) Companies and Securities Law Journal 55

28 Pages Posted: 12 Feb 2021

Date Written: January 25, 2021

Abstract

In response to a recommendation by the Panel reviewing the Australian Charities and Not-for-profits legislation, the Australian Federal Government has announced that charities will be required to disclose related party transactions. The problem of related party transactions is a common theme in the compliance reports of the Australian Charities and Not-for-profits Commission. This article critically analyses the issue of related party transactions within the Australian charities sphere, as well as potential reforms. It concludes that reporting of such transactions is the most sensible first step but that further attention should be given to the contours of such reporting.

Keywords: related party transactions, companies, corporate governance, nonprofit organisations, charities, charitable companies, accounting standards

JEL Classification: K00, K10, K20, K22

Suggested Citation

Langford, Rosemary Teele, Charitable Companies and Related Party Transactions (January 25, 2021). (2021) 38 (2) Companies and Securities Law Journal 55, Available at SSRN: https://ssrn.com/abstract=3772446 or http://dx.doi.org/10.2139/ssrn.3772446

Rosemary Teele Langford (Contact Author)

University of Melbourne - Law School ( email )

University Square
185 Pelham Street, Carlton
Victoria, Victoria 3010
Australia

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