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Register of Related Party Transactions (Not For Profit)

This Register of Related Party Transaction helps NFPs track and manage any financial conflicts that may arise out of dealings with related parties.

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Document Overview

This template has been adapted from the website of the Australian Charities and Not-For-Profits Commission (ACNC). It is for the purpose of meeting ACNC Governance Standard 5, which is as follows:
An organisation must take reasonable steps to make sure that its Responsible People are subject to, understand, and carry out the duties set out in Governance Standard 5. These duties include:

  • to act with reasonable care and diligence
  • to act honestly and fairly in the best interests of the charity and for its charitable purposes
  • not to misuse their position or information they gain as a Responsible Person
  • to disclose conflicts of interest
  • to ensure that the financial affairs of the charity are managed responsibly, and
  • not to allow the charity to operate while it is insolvent.

Related Party transactions are those between an organisation and its related parties. ACNC advises that a "related party" can be a person or organisation such as:

  • those with a significant influence over the charity’s strategy and finances (including board members or executive officers, rather than operational managers), and close members of their families (such as a parent, partner, sibling, or child), and
  • organisations with a significant influence over the charity (for example, an organisation that appoints one of the members of the board of the charity).



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