Hey, anyone out there know if there are any obvious pitfalls of a not-for-profit arts organisation incorporating
- in Victoria under the Associations Incorporation Act 1981
- and using the "model rules" without adjustment* as provided by the registering body, Consumer Affairs Vic?
I did a sh1t-load of reading and fact checking before calling the meeting to incorporate. Checked with the governing bodies websites, Consumer Affairs Vic, ASIC & the ATO and even called them.
Then one of the people invited to the meeting has questioned adopting the "model rules". I didn't realise she's a lawyer herself. She's spoken to a lawyer, who purportedly routinely works in this area, who apparently told her that the model rules would not be enough to give us not-for-profit status. As "not-for-profit" is part of the fundamental definition of an "incorporated association" in Vic, I can't help but suspect this lawyer is hoping to earn a fee out of her advice.
Surely this isn't the legal equivalent of rocket science? Do we really need a lawyer and an accountant to register a choir of 30 people as a legal entity?
*We may later want to vote to change the constitution/rules and pay the additional $71 fee to do this, but for now we just need a bloody bank account.