We are limited by Guarantee under the Corporations Act and is therefore required to report to the Australian Securities and Investment Commission (ASIC) and the public about its activities. If you would like to see a PDF version of the Foundation’s structure, click here
Stand Like Stone is endorsed by the Australian Tax Office (ATO) as a Charitable Institution and is exempt from income tax and must ensure that its activities are charitable.
The public company, Stand Like Stone Foundation Ltd, is the trustee of the Public Ancillary Fund, the Open Fund and the Educational Scholarship Fund where gifts to Stand Like Stone are held. Each fund is established by a separate Trust Deed.
The trustees are responsible for investment decisions and for ensuring that income is distributed in line with the stated purposes in the trust deeds. The trustee owes fiduciary duties under the various Trustee Acts and the common law. Stand Like Stone’s Public Ancillary Fund and Educational Scholarship Fund have deductible gift recipient (DGR) status. These are the Funds to which tax-deductible donations can be given.
Stand Like Stone is committed to good corporate governance practice and principles. The Constitution provides governance requirements and states that Stand Like Stone is not for profit and that its income will be applied to public charitable purposes.
The Board is responsible for ensuring that Stand Like Stone’s legal responsibilities are met.
Stand Like Stone’s legal requirements are covered by the:
If you are interested in viewing the above documents, please contact the Executive Officer on 08 8721 0480.
Stand Like Stone has a section 6 licence and section 7 licence under the Collections For Charitable Purposes Act, 1939 which authorises Stand Like Stone to collect money or goods for the charitable purpose of grant making.