Transition to CLG

The Committee of the Alliance Française de Canberra is proposing to Members that the Alliance française de Canberra (AFC) change from an Incorporated Association to a Company Limited by Guarantee.  

This change has a number of advantages and disadvantages: 



       The transition to company limited by guarantee will result in some increased fees payable to the Australian Securities and              Investment Commission. The AFC is already audited in compliance with the Corporations Act and will require no additional            cost.

       Public companies must meet the financial reporting requirements of the Corporations Act, including lodging information with          ASIC, and auditing of accounts.  In practice, the AFC already engages an auditor to audit our accounts so this will not be a              significant added burden. The AFC already complies with this requirement.

What it will mean for members: 

How does the proposed transition work? 

I have more questions – who should I ask?