Treatment of bequests post-merger

Background In recent years we have seen a number of mergers in the not-for-profit sector; particularly in the disability services area as organisations better align their strategy with NDIS funding implications in mind. Usually, a merger will involve one party (the transferring entity) transferring its assets and liabilities to the other [...]

2020-04-01T09:45:38+10:00April 1st, 2020|

Gift to a non-existent organisation

Situation Mr Niall died leaving a bequest in his will[1] to the 'Order of Selesians' in India for the purposes of work among the poor in India' No organisation by the title 'Order of Selesians' or 'Order of Selesians in India' existed in Australia or India. 'Selesians' appeared to be a [...]

2019-09-18T13:12:19+10:00September 18th, 2019|
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