TBO is a not-for-profit (NFP) which is:
- a charity registered with the ACNC. The ACNC is the regulator of the ACNC Act 2012 (Cth)(ACNC Act);
- a company limited by guarantee regulated by the Australian Securities and Investments Commission (ASIC). ASIC is the regulator of the Corporations Act 2001 (Cth) (Corporations Act); and
- a public benevolent institution endorsed by the Australian Taxation Office (ATO). This endorsement entitles TBO to a range of tax concessions and exemptions and also helps TBO to meet certain grant requirements of many corporate and private philanthropic organisations.
What is TBO’s corporate governance?
Apart from law, TBO is governed by its Constitution. The Constitution outlines a set of rules according to which TBO is governed. The Constitution also sets out TBO’s purpose which is to directly relieve the disability, helplessness and misfortune experienced by many Australians through, among other things, developing and implementing inclusive play spaces and to thereby:
- give every Australian the right to play, side by side, without discrimination or prejudice; and
- facilitate social and community inclusion for people with disability as well as their families and carers.