Charity distributions by Urabba Parks

Charity distributions are made by Urabba Parks in lieu of dividends.

Legal basis

Subsection 4(1) of Constitution of Urabba Parks provides that a charity distribution includes:

• an application of property to an eligible charity nominated by a member of Urabba Parks
• a credit of property to a giving account held by the member
• a credit of property to a giving pool to which membership is attached
• the grant of fully paid membership of Urabba Parks (other than service membership, which is repayable to the member as debt).

Subsection 4(1) of Constitution of Urabba Parks further provides that an eligible charity includes:

• a charity having similar purposes to Urabba Parks
• a government entity (as defined by section 4 of the Charities Act 2013 of Australia) that is able to receive the surplus assets of Urabba Parks upon winding-up on the basis the government entity would be a charity if it were not a government entity
• an entity formed within Urabba Parks (being an internal entity with no separate legal status in Australian law)

See also

• Economy of Urabba Parks
• Membership of Urabba Parks
• List of members of Urabba Parks

External links

• Official website
• ACNC >> Annual Reporting >> Urabba Parks Pty Ltd
• Charities Act 2013. Federal Register of Legislation. Accessed 13 August 2022.