Global Breakthrough Ministries Ltd is committed to meeting all legal and regulatory requirements in accordance with the Australian Charities and Not-for-profits Commission (ACNC) Governance Standards. This policy outlines our approach to ensuring ongoing compliance with these standards and maintaining good governance practices across the organisation.
- Purpose
The purpose of this policy is to:
- Ensure that Global Breakthrough Ministries Ltd operates in compliance with the ACNC Governance Standards.
- Establish clear processes for monitoring compliance.
- Foster accountability and transparency in all aspects of governance.
- Support the effective operation of the Board and management in meeting their duties.
- Scope
This policy applies to all board members, staff, volunteers, and contractors of Global Breakthrough Ministries Ltd and covers governance practices relating to legal obligations, transparency, and responsible management.
- ACNC Governance Standards Overview
The ACNC requires charities to comply with the following five governance standards:
- Purpose and Not-for-Profit Nature: Charities must have a clear charitable purpose and operate for the public benefit.
- Accountability to Members: Charities must take reasonable steps to ensure accountability to their members.
- Compliance with Australian Laws: Charities must not act in a way that is unlawful or contrary to the purpose of their organisation.
- Suitability of Responsible Persons: Charities must ensure that people responsible for governing the charity, such as board members, are suitable and not disqualified from acting as responsible persons.
- Duties of Responsible Persons: Charities must ensure that responsible persons understand and carry out their duties in good faith and with due care.
- Compliance Framework
Global Breakthrough Ministries Ltd adopts a compliance framework that includes:
- Board Responsibilities: The Board is responsible for ensuring that the charity complies with all ACNC Governance Standards, and that governance practices are regularly reviewed and improved.
- Policies and Procedures: The organisation has established clear policies and procedures for governance, financial management, conflicts of interest, safeguarding, and risk management to meet ACNC requirements.
- Training and Awareness: All board members, staff, and volunteers are trained in governance requirements, including their legal obligations and duties as responsible persons.
- Monitoring and Reporting: Regular internal reviews are conducted to monitor compliance with governance standards. Annual reports, financial statements, and other key documents are prepared and lodged with the ACNC in a timely manner.
- Board Responsibilities
The Board of Directors is ultimately responsible for ensuring that Global Breakthrough Ministries Ltd meets its governance obligations. These responsibilities include:
- Ensuring the charity remains focused on its charitable purpose.
- Exercising reasonable care and diligence in decision-making.
- Acting in the best interests of the charity and avoiding conflicts of interest.
- Ensuring that financial and other resources are used responsibly and in line with the charity’s purpose.
- Responsible Persons and Suitability
We ensure that all responsible persons (board members and key management personnel) are suitable for their roles by:
- Verifying that they are not disqualified from acting as a responsible person under Australian law.
- Ensuring that board members and management understand their duties and responsibilities.
- Requiring regular declarations of conflicts of interest.
- Compliance with Australian Laws
Global Breakthrough Ministries Ltd complies with all relevant Australian laws, including:
- Charitable laws governed by the ACNC Act.
- Financial regulations, including those pertaining to fundraising.
- Employment laws and occupational health and safety regulations.
- Privacy and data protection laws.
- Risk Management
A risk management process is in place to identify, assess, and manage risks that could affect the charity’s ability to meet its governance obligations. Regular risk assessments are conducted to ensure that any potential legal, financial, or operational risks are addressed promptly.
- Review and Continuous Improvement
This policy and our compliance framework will be reviewed annually to ensure ongoing compliance with ACNC Governance Standards and to identify areas for improvement.
- Non-Compliance
Failure to comply with the Governance Standards could result in penalties, including the revocation of our charitable status. Any breach of this policy will be taken seriously and appropriate action will be taken to remedy the breach.
- Contact Information
For any questions or concerns regarding this policy, please contact:
Global Breakthrough Ministries Ltd
PO Box 598
St Ives NSW 2075
Damien Poulsen
info@globalbreakthrough.org
