Funds & Accounting
ABTS Inc is listed as a not-for-profit Association, incorporated in Queensland.
An incorporated association is a legally separate body. It has the same powers, benefits and responsibilities as a person.
- owning land
- signing a lease
- appearing in court.
An incorporated association is legally separate from its members. This means that:
- the committee makes decisions
- the association becomes legally liable for these decisions
- individuals on the committee aren’t personally liable (as long as they acted in good faith).
The Management Committee of ABTS is responsible for ensuring an Annual Audit and the hosting of an Annual General Meeting.
Any profit from the hosting of the Symposia is used as seeding finance for subsequent Symposia and for incentive Awards.