Corporate governance

WorkVentures is a not-for-profit company limited by guarantee and incorporated in 1984. We are committed to accountability and transparency in our relationships with stakeholders, including using our Financial Statements and website to inform stakeholders of governance and policy practices and issues.

Change of Auditor

After many years of service from Pitcher Partners, the Board, on recommendation of its Finance, Audit and Risk Management Committee, resolved to rotate our audit task to a different firm. On 22 November, 2016, Pitcher Partners resigned and BDO East Coast Partnership took over as our auditors. These changes have been undertaken in accordance with processes of ASIC and this notice is to advise our Members of the change.

Legal compliance

WorkVentures complies with:

  • the Corporations Act 2001 and associated regulations
  • its Constitution
  • the Competition and Consumer Act 2010
  • the Privacy Act 1988, National Privacy Principles and WorkVentures’ privacy policy
  • the NSW Charitable Fundraising Act 1991
  • any other applicable legislation, relevant decisions of courts or tribunals
  • other binding legal requirements, conditions or guidelines that apply to WorkVentures.

Privacy

WorkVentures is strongly committed to protecting the privacy of individuals, and has had a privacy policy in place since March 2002. View the summary of our privacy policy.

Tax deductibility and charitable status

Under our Constitution, the objects of the company are to conduct such public benevolent and charitable services as are considered necessary to relieve poverty, sickness, suffering, distress, misfortune, destitution or helplessness of any person. We review our activities on regular basis to ensure we remain aligned with these objects.

We are endorsed by the Australian Tax Office as a Deductible Gift Recipient.

We are also endorsed as Public Benevolent Institution and are FBT and Income Tax Exempt.

We hold an authority to fundraise from the NSW Office of Liquor, Gaming and Racing, under the NSW Charitable Fundraising Act 1991.