auDA Foundation Ltd - This looks suspiciously like jobs for the boys

auDA Foundation Ltd - This looks suspiciously like jobs for the boys

From: James Guy <jamesguy§guyassociates.com.au>
Date: Thu, 11 Sep 2003 14:50:49 +1000
What is the justification for spending public resources to create this
second company?  

 

As auda is a not for profit organisation already what are the tax benefits?
.

 

What will the new directors be paid?  What are the costs in establishing a
subsidiary organisation?

 

Why could the functions of this trust not be operated from within auDA and
not through a trust?  

 

My suspicion is that a foundation creates a platform that can split the
expenses of running auda's core functions between 2 organisations and
therefore disguise rising internal costs of auda.  It also creates jobs for
the boys.

 

The board needs to justify this approach.  Members have not been provided
with any information whatsoever prior to the approval of this restructuring.
Where is the member input? 

 

 

James Guy

Principal

 

GUY & AssociatesT

                Solicitors & Trademark Agent

 
Received on Fri Oct 03 2003 - 00:00:00 UTC

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