Winding Up an NFP – Practical Tips

Winding up can be a tricky area, requiring a sustained effort and engagement between the Board, management and stakeholders to meet the various requirements involved. It is critical to ensure that the process is planned and implemented properly.

This session will look at the reasons you might wind up an NFP, the steps to follow and issues to be aware of.

In this session Jason will:

• Explore reasons you might wind up an NFP
• Consider transfer of assets and successor organisations
• Examine key requirements found in NFP Constitutions and at law
• Provide details of the timing, paperwork and steps to be followed
• Consider the worst case scenario of insolvency and Director liability

This presentation will provide attendees with the tools to navigate the winding up process.

Jason has over twenty years’ experience in legal and governance, contracts, IP and business and asset transfers across a wide range of public and private organisations. Jason acts for a range of NFPs, including Cooperative Research Centres (CRCs), research, scientific and member-focused institutions, Industry Growth Centres and Universities. He has provided advice relating to establishment, ACNC and tax-exempt status, NFP mergers and transfers, establishing successor organisations and winding-up. Jason recently finished a five year term as the Chair of the Board of an ASX-listed company.

Thursday 12 October 2023 @ 1pm - 2pm (AEDT)

Everyone who registers for the webinar (even if you can’t make the live stream) will receive access to:

• A recording of the webinar*
• A PDF copy of the slide deck

Individual (1 - 3 people): $85.00 per person
Whole board (4 - 10 people): $340.00 for the group
Max. group size of 10 ppl per group registration. Must all be from the same organisation