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ideology
Joined: 28 March 03 4:01 pm Posts: 2763 Location: Sydney GCA Found: 26 GCA Hidden: 9
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 call for nominations - treasurer
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05 February 08 2:42 pm |
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Richary
6500 or more caches found
Joined: 04 February 04 10:55 pm Posts: 4116 Location: Waitara, Sydney GCA Found: 1370 GCA Hidden: 26  
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As mentioned in an earlier thread, my only concern would be as long as the taxman didn't consider all these deposits as "income" that should have been tax declared. I guess a fairly simple way around it if you were ever audited would be to have a totally separate bank account that was only used for that (which makes sense anyway). Then all incoming amounts are noted whether it be by bank deposit, paypal or whatever. And outgoings are only going to the server fund.
This could also be a low cost internet only account where you never need to visit the branch (as long as it doesn't attract fees if people prefer to lob in to their local branch and deposit cash). Depending on how the overseas server companies need payment of course.
The other concern is that if the Treasurer is responsible personally for a direct debit each month and the funds aren't there due to lack of donations, do they then become personally liable for it and any fees incurred?
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05 February 08 9:54 pm |
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The Spindoctors
Joined: 08 October 03 8:00 pm Posts: 1767 Location: Sydney GCA Found: 153 GCA Hidden: 15
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Do we have a tax expert among us? If not, should someone contact one? I think we need a clear ruling on this. Don't want to second guess and land someone in the 'you know what'.
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05 February 08 10:29 pm |
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Cached
2500 or more caches found
Joined: 24 March 04 4:32 pm Posts: 3087 Location: Launceston, Tasmania GCA Found: 238 GCA Hidden: 35
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You don't need to be incorporated to open a bank account in the name of an association. The Assoc. can be called "Funding GCA Website" if you want!
Somebody write a letter, somebody sign it and the treasurer takes it to the bank and opens the account.
Is not in personal name.
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05 February 08 10:36 pm |
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Cached
2500 or more caches found
Joined: 24 March 04 4:32 pm Posts: 3087 Location: Launceston, Tasmania GCA Found: 238 GCA Hidden: 35
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Gayle from the Wackys is an accountant/tax agent. She'd be amenable to contact.
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05 February 08 10:38 pm |
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Jardry
600 or more caches found
Joined: 23 June 07 9:52 pm Posts: 295 Location: Berri, SA GCA Found: 6 GCA Hidden: 1
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Cached, Whomever opens the account would still need to be 100 point identified. Likewise any "group" account usually requires two signatories to operate on an account. This may be difficult to achieve if it is an on-line account only. From personal experience at my work, we use bank generated tokens which are valid for only a short period of time to create an on-line , transaction, a second signatory then does the same thing to authorise the transaction. No way can one person enter and authorise a payment.
This is my major concern, someone out of the goodness of their heart agreeing to assist and for some reason it all falls pear shape and that person is left holding the can! As that person contracted for the service they will then have to continue making payment out of their own pocket.
As previously stated any informal association is fraught with danger. I'd rather a little short-term pain for the long-term gain. If this means reducing services for a short time to get the association model up and running so be it.
As some others advocating an association model have stated it only takes a few weeks provided your constitution is correct. The hardest thing to do is call a meeting at which the constitution is accepted and office bearers are elected. These office bearers can then proceed to lodge formal application for the association and commence to open an account.
If the entity which owns the domain (geocaching.com.au) were to create a PayPal account to receive funds (in their name) and they then donated funds (to the value of the deposits made to the PayPal account) to establish the association and transfer the domain name to the association, GCA members can commence donating and all things progressing well within a month the association will be incorporated and up and running.
The association could then create a new PayPal account to continue receiving donations and membership fees.
My background is 20 years employment as a Finance Officer.
Regards
Jardry
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06 February 08 7:08 am |
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listmaker
700 or more Caches found
Joined: 15 January 07 10:52 pm Posts: 443 Location: Melbourne GCA Found: 1 GCA Hidden: 0
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We've been involved in various community/sporting groups over the years, and each has held its accounts in the name of the incorporated association.
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06 February 08 8:57 am |
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Team Falling Numerals
Joined: 02 June 06 7:01 pm Posts: 224 Location: Cairns GCA Found: 10 GCA Hidden: 0
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From a tax perspective...
the mutuality principle would shield the incoming funds and disbursements from taxation Unfortunately the mutuality principle tends to rely on clear definitions of who is to contibute and who is to benefit and these definitions are generally contained in the constitution of a club or society.
From a prudence point of view - a incorporated association would be the best way to go to protect the office holders involved here. Note that incorporated associations are state based...ie not nationally based.
I know that there are a lot or people here are opposed to anything formal because that where the politics and nonsense starts but IMO its the only way to move forwards.
Background: 23 years of working in Chartered Accounting, taxation and business development is my field of expertise and I have been involved in sporting clubs and administration for many years.
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06 February 08 9:11 am |
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Pesky!
1300 or more caches found
Joined: 04 April 03 11:48 pm Posts: 1868 GCA Found: 169 GCA Hidden: 38
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aren't all these postings in the wrong thread?
I thought this was a call for volunteers not a semantics discussion.
I was going to throw my hat in the ring, until i realised that all the discussions and threads here are a great example of how the vocal section of this community are so enthusiatic about posting and discussing but not taking action.
a perfect example of how a collective would end up , beit official or ad hoc.
at this stage i would happily transfer my "donation" ammount to someone if they could just stop the talk and get on with it.
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06 February 08 10:23 am |
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Richary
6500 or more caches found
Joined: 04 February 04 10:55 pm Posts: 4116 Location: Waitara, Sydney GCA Found: 1370 GCA Hidden: 26  
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Yes it was a call for volunteers (and I have in a PM). But the original post also said
> # if you have any comments about the role of treasurer, please post them here
I think the concerns over tax and liability definitely relate to the role of treasurer. Especially an unofficial one for a non existent association. As a legal incorporated association office bearers have some protection from bankruptcy etc. If it is someone doing it privately out of the goodness of their heart and the funds don't show up, that could be a problem.
ideology - do you have any comments about the payment methods the overseas server mob will require? Credit card debit or a bank transfer?
My background? Being treasurer for an incorporated club a number of years ago.
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06 February 08 11:17 pm |
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ideology
Joined: 28 March 03 4:01 pm Posts: 2763 Location: Sydney GCA Found: 26 GCA Hidden: 9
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08 February 08 3:56 am |
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Cheesy pigs
3000 or more caches found
Joined: 02 June 05 6:51 pm Posts: 1738 Location: Kingston GCA Found: 980 GCA Hidden: 34 
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08 February 08 9:44 am |
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Papa Bear_Left
800 or more hollow logs searched
Joined: 03 April 03 12:28 am Posts: 2573 Location: Kalamunda, WA GCA Found: 18 GCA Hidden: 0
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This does seem like the most sensible interim solution to me...
No tax issues and no risks of a person getting hit by a bus with our money in their personal account.
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08 February 08 11:03 am |
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Jardry
600 or more caches found
Joined: 23 June 07 9:52 pm Posts: 295 Location: Berri, SA GCA Found: 6 GCA Hidden: 1
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08 February 08 2:10 pm |
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Richary
6500 or more caches found
Joined: 04 February 04 10:55 pm Posts: 4116 Location: Waitara, Sydney GCA Found: 1370 GCA Hidden: 26  
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<p>As long as it isn't a GCA funded trip to invesitgate servers  <p> <p>Now that seems an eminently sensible short term solution. Excellent offer.
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08 February 08 9:36 pm |
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