CTHRepealedLegislation
Financial Sector (Collection of Data) (reporting standard) determination No. 55 of 2008 - RRS 320.0 - Statement of Financial Position
Community service organisations (CSOs)Community service organisations (CSOs)
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Get a plain-English read of Community service organisations (CSOs)
Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 55 of 2008 - RRS 320.0 - Statement of Financial Position.
Community service organisations (CSOs)
Include:
- institutions financed mostly by members’ contributions, e.g. trade unions, professional societies, consumer associations, political parties, churches and religious societies, and social, cultural, recreational and sports clubs; and
- charities and aid organisations financed by voluntary transfers.
Exclude:
- CSOs and non-profit institutions controlled and mainly financed by government include in general government.