COLLECTIONS REGULATION 2008 - REG 34
Dealing with amounts collected
COLLECTIONS REGULATION 2008 - REG 34
Dealing with amounts collected
34 Dealing with amounts collected
(1) A charity or association must ensure that—
(a) amounts collected from an
appeal for support are, as soon as practicable, paid to the credit of a
separate account at a financial institution in the name of the charity or
association; and
(b) amounts payable to any person for commission, expenses
or otherwise relating to the appeal for support are paid from the amounts
collected by cheque drawn on, or electronic funds transfer from, the separate
account; and
(c) a cheque mentioned in paragraph (b) is signed by at least 2
persons who are authorised in writing by the governing body of the charity or
association for which the appeal for support is made to sign cheques from the
separate account.
Penalty—
Maximum penalty—6 penalty units.
(2)
Subsection (1) does not apply to an appeal for support if—
(a) the charity
or association has, under section 33, entered into a written agreement in
relation to the appeal with a person; and
(b) the person undertakes
responsibility for providing any benefit, including the payment of expenses,
offered to a contributor of an amount to the appeal; and
(c) the agreement
does not state that the amounts collected because of the appeal are to be paid
to the charity’s or association’s separate account.