Welcome to the Enterprise Care Resources Home Page. Here you will find a wealth of practical information to help guide your organisation to improved governance performance. We will be continually adding resources to this area of the coming months, with valuable white papers, case studies and newsletters available for download.
Important changes to the law: taxation of foreign earnings
In a major shakeup of the foreign earnings tax exemption that was previously in place, from 1 July 2009 foreign employment income earned by Australian resident taxpayers will in most cases no longer be exempt. Under the measures in the new legislation, the general exemption from income tax on foreign employment income will only be available if the foreign service of the employee is directly attributable to any of the following activities. Read more HERE...
Being a Referee: What are your obligations?
Do you remember the last employment reference you gave? Do you remember what you claimed to be true about that individual? Were your statements accurate? Now, the crucial question: have you ever considered that you can be liable for the contents of your reference? When giving a reference, being a referee or providing testimonial as an employer, colleague, academic, friend or the like, you should be aware of your obligations in providing a reference for an individual. Under common law, a referee owes a duty of care to an individual to ensure that the reference they provide is fair, accurate and true. Read more HERE...
Is your organisation a Constitutional Corporation?
The 1st of July 2009 saw the introduction of the Federal Government’s Fair Work Act. This legislation is applicable to all Federal System employers, and may apply to your Not for Profit organisation if you are a constitutional corporation. A constitutional corporation is defined as a foreign corporation, or a trading or financial corporation formed within Australia. The two questions that therefore arise to determine if this applies to you are: 1) Is your organisation a corporation? and 2) If yes, is it a foreign, trading or financial corporation? Read more HERE...
Impairment of Assets
For the first time in many years, the value of an organisation’s assets may have fallen below the market value, and in some cases, below cost. Thus, it is essential that consideration is given to calculating the impairment of your organisation’s assets. Accounting Standard AASB 136 Impairment of Assets prescribes the procedures that any organisation should apply to ensure that its assets are carried at no more than their recoverable amount. This standard applies to all reporting entities that prepare General Purpose financial statements. However, guidance is given throughout this standard specifically for Not for Profits in the “Aus” paragraphs. Read more HERE...
Intellectual Property - Copyright
Last month, we discussed the merits of registering trade marks and the role of trade marks in protecting an organisation’s name and reputation. Besides trade marks, the type of Intellectual Property (IP) that Not for Profits are most likely to encounter is copyright. This may include organisations protecting their own copyright and ensuring that they do not infringe the copyright of others. Read more HERE...
Intellectual Property – Trade Marks
“IP” is one of those buzz words that constantly gets used in conversation, with everyone agreeing that their IP is valuable and must be protected – but what is it really? And how is it relevant to Not for Profit organisations? Read more HERE...
Corporate Investment in the Not for Profit Sector
A report examining the nature of corporate investment in the Not for Profit sector in Australia was released late last year by the Centre for Corporate Public Affairs.
The report examined barriers to corporate community partnerships developing further in Australia; examined differences between not-for-profit organisations (NFPs) and corporations; identified positive and negative factors at play in these partnerships; and focused on trends and developments. Read more HERE...
Charities and their Tax Exempt Status - New Court Ruling
A recent High Court decision on the tax exempt status of charities may have ramifications for your organisation. Late last year the High Court of Australia presided over the case of Commissioner of Taxation vs Word Investments Limited. Read more HERE...
Enterprise Care's white papers are practical - "Know How, Do Now" publications to assist your organisation with the various aspects of governance. They offer easy-to-use information on how to implement or improve existing policies and procedures, and are written by acknowledged experts. View our range of white papers below.
Risk management is rightly seen as an important governance issue by Not for Profit Boards and Committees of Management. The challenge is how to develop and implement the appropriate framework to identify and manage the risks effectively. First and foremost is the issue of identification. Undertaking any activity, no matter the size or scope, has inherent challenges and risks. If we accept this basic precept we need to identify what is to be achieved through the development and implementation of a risk management framework. Read more HERE.
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