Incorporated Associations

At Brisbane Debt Solutions, we understand that individuals accept appointments on boards of sporting, religious, educational, medical, social and other community clubs with the objective of operating a successful not for profit organisation.

We also understand that such roles may involve various complications such as:

• Disputes among members of the board
• Lack of available regular or reliable financial reports
• Cash flow concerns
• Short term liquidity issues
• Projects that require careful assessment
• Conflicts of interest
• Determine what needs to be done to end the operations and entity

Board members of incorporated associations have legal duties that are based on and broadly equivalent to the duties of directors under the Corporations Act 2001.

We have considerable experience with all issues relevant to incorporated associations, in particular, reporting improvements, turnaround assignments and voluntary winding ups.

To discuss any issue you may have in respect your individual situation with any incorporated association, please contact us.