MPs check to see if charity is lawful - Business - Business - theage.com.au

MPs check to see if charity is lawful - Business - Business - theage.com.au: "MPs check to see if charity is lawful
By Leon Gettler
June 30, 2005


Following questions raised early this year about Australian companies donating money to tsunami victims, two inquiries are now under way to consider possible changes to Australia's Corporations Law to clarify whether largesse is lawful.

The Federal Government's corporate law panel, the Corporations and Markets Advisory Committee, is looking at whether the Corporations Act should be changed to allow directors to take into account the interests of specific classes of stakeholders or the broader community."