What does not-for-profit mean?

A not-for-profit organisation is one that:

• Uses all monetary surplus solely for the purposes of its objectives and not to financially benefit its members in any way
• Has a wind up clause in its constitution or memorandum of articles of association that provides for assets to be distributed to a 'like' organisation and not to its own members. (For an organisation that is incorporated under the Associations Incorporation Act 1987 but has no wind up clause in its constitution, satisfaction of this may be assumed as the Act prevails.)

• If you feel that your organisations fits within this category, please click to continue
• If you are unsure and would like to discuss it further contact us.