Finance 2010 - 2011
ROTARY INTERNATIONAL DUES
These are payable in July and January.
Current exchange rate.
CURRENT EXCHANGE RATE September 2010 AUS $1.14= US $1.00
( No change from August )
Rotary International exchange rate tables here
A semi-annual report form and membership lists are sent to the club secretary and dues should be promptly paid to:
Rotary International South Pacific & Philippines Office
Po Box 1415
Parramatta NSW 2124
More contacts for SW Pacific Office
ROTARY DISTRICT 9830 DUES
These dues are payable in July and January. Accounts will be forwarded to club secretaries and should be paid promptly to:
DISTRICT FINANCE OFFICER: PP Ralph Hortle Devonport
11 Paradise Place, Hawley, TAS 7307.
DISTRICT 9830 ACCOUNTS FOR PAYMENT
All expenses must be within budget and approved by the District Governor and District Treasurer before being incurred.
All invoices to be forwarded to the District Treasurer for payment.
THE ROTARY FOUNDATION
The Rotary Foundation is the major international program funding body of Rotary International.
Donations should be forwarded to:
The Rotary Foundation
RI South Pacific & Philippines Office
PO Box 1415
Parramatta NSW 2124
For tax exemption please ensure cheques are made payable to:
“The Australian Rotary Foundation Trust”
All Cheques To The Rotary Foundation should be accompanied by a
recognition/contribution form.
ACCEPTING TAX DEDUCTABLE DONATIONS
Philanthropy in Australia is on the increase following the introduction of the new Prescribed Private Fund (PPF) system by the Government in 2002. Recently the current Government made some modifications to the system including changing the name to Personal Ancillary Funds (PAFs)
There are now nearly 900 PAFs with significant distributable funds, seeking to support organisations with worthy projects in Australia and overseas. These PAFs are unable to carry out projects in their own right or make donations to individuals. They must donate their profits to another Deductible Gift Recipient and in some circumstances to a Tax Concession Charity.
To benefit from these exciting opportunities, the Board of Rotary Australia World Community Service (RAWCS) has acted to upgrade the Rotary Australia Overseas Aid Fund (OAF) to full charity status. This required the re-registration of the OAF with the Australian Taxation Office and approval to operate as a Tax Concession Charity.
All Rotarians should be alert to potential donors seeking information about Deductible Gift Recipient entities within Rotary, especially those wishing to support a project overseas. These people should be directed to our RAWCS Southern Regional RAWCS Chairmen or the national website at www.rawcs.com.au.