This module is for NSW Boards to help them navigate the not-for-profit requirements of the Education Act 1990. These requirements are additional to the ACNC requirements and are easy to breach. The consequences can be very serious, including loss of all government funding. Similar provisions apply in Victoria and this content will be useful to Victorian Boards.
This module helps boards (and other responsible persons) to ensure compliance in this tricky area.
Course structure
The course is designed to be completed as a module that is part of the suite of governance training courses. However, boards can access individual topic modules as needed.
These short courses can be undertaken by individual board members, or be completed as a board together. The modules are kept short so boards can fit the training into their busy board calendars.
The training builds on the materials covered in the NSW Board Induction Course, and this is a useful pre-requisite to the governance modules.
Outcomes
As a result of participating in this course, participants will understand:
- The definition of ‘not-for-profit’ from various sources
- The requirements of section 83C of the Education Act 1990
- How boards contribute to compliance in this area
- NESA Guidelines and governance expectations
- The definition of related party transactions as relevant to NSW schools
- How related party transactions should be managed.
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