Legal Framework And Company Structure Of Australian Missionary Tidings (AMT)

Critically evaluate the legal structure of an organization or business. Case studies may include NFP organizations, schools or churches. Select an example of your choice.

This report is prepared to gear up understanding about legal framework of a non-profit oriented public company. This report explains the background of subjected organisation (AMT), its mission, the structure and the responsibilities of the staff involved in the operations of the organisation established for the noble cause, its targeted group of society for which they are concerned for. Report also explains the accounting practices and audit compliance methodology of the organisation. The report explains the true and fair approach of the legal structure for such organisation pertaining to regulatory requirements, taxation policies and tax relief benefits for such organisation to promote organisations to develop and sustain in the country, which encompasses with the socio-cultural transformation of the society.

Australian Missionary Tidings (AMT) is a huge Australian publicly financed non-profit oriented organisation. AMT’s operations are centered upon populating Christianity as religion worldwide through promoting conversion of religious beliefs, church establishment, Christian edification, financial assistance for such institutions and spreading traditional Christian religious and spiritual beliefs, theories and principles. AMT has made its remarkable steps for the noble cause of providing services in support of missionaries and assemblies in the year 1910 in Sydney (AMT, 2017).

AMT possess admirable management team to manage the routine activities of the organisation in flawless manner. Brian Adams (Exe. Director) is responsible for supervision of accounts department’s core job related to accounting of the financial grants collected from the public and its workers and management of daily organisational operations. Personnel Administrator works under him and responsible for managing training classes for Sunday school teachers. Office administrator cum bookkeeper, Church liaison officer cum mission promoter and AMT magazine Editor also assists into managing organisational affairs (AMT, 2017).  

AMT’s mission is to provide services to Christian workers, which care for their concerns and realistically assist workers in terms of making them financially strong and educated. AMT is globally spreading education to churches. AMT’s global mission is to educating, motivating and facilitating people to convert their religious beliefs and adopt Christianity as religion (CCCVAT, 2017).

AMT has conducted several programs and events to achieve the noble mission like Women's Coffee & Desert Evenings (Feb., 2017), 2016 Women’s Mission Convention (July, 2016), Ladies’ Missionary Day (Apr., 2016), etc. Apart from that, AMT is founder of large charitable fund collection trust.  AMT is organising workshops for Sunday school teachers to equip them with innovative teaching aids. Apart from above programs and events AMT is publishing bimonthly magazine to promote its mission and objectives. AMT also motivates and promote highly praised workers and missionaries to pursue the Scholarship program of Stewards Ministries (EMMAUS, 2017).

Company Legal Structure

AMT is targeting to serve Christian workers sent out from Christian Brethren churches through providing them rustic care and assistance. AMT is also targeting global churches to bond them in this noble cause and educating, motivating and facilitating them to provide the needs of the workers in their shared care framework (CCCAUST, 2017).

AMT’s subsequent years income statements represent true and fair view of the business operations. At the time of finalization of accounts at year-end management of the company, personally review the process of deriving financial position of the organisation to maintain the accuracy of the financial data. Auditor of the organisation is satisfied with the financial reports and book keeping system of the organisation. Auditor of the organisation presented a qualified audit report for the current financial year stating that the organisational financial reporting is true and fair and complies with the companies accounting rules and policies. 

AMT is incorporated under Australian companies Act in the name of Australian Missionary Tidings registered in the year 2000. The ABN number of AMT is 11000761571. AMT is Australian non-profit oriented public company managed by five members in its board of directors (ABN Lookup, 2017; AMT, 2017). Headquarter of AMT is situated at 35 Miriam St, Holland Park West QLD Australia-4131. Brian Adams (Exe. Director) is the key contact person during the business hours of the organisation.

Legal requirement in nonprofit organizations and charitable trust can be registered in many ways. However, before registration the member should understand which structure suits most to their organization. Company has its own legal identity apart from their members after the registration. Non-profit organizations can be registered as public company incomplete by assurance. Under the registration, company has to mention its name.

These organizations also required permits to run their organizations effectively it can be like water permit, fire permit, sign permit etc. The company has to follow the guidelines of their government to run their company these can be rules and regulations of the company how company works and the areas where company focus. These all the rules is following by AMT and they are managing it very well.

Like all the other companies public companies has to follow the rule of insurance. In this company has to do the insurance policy of their workers, building even vehicles, which are used by the company for the welfare of the people. There is a strict rule in Australia for the insurance policy it is necessary for the companies working in Australia must have insurance policy to recover from unaccepted calamities.

Evaluation of Company Legal Structure

Every company in Australia has to register their business under the Australian Taxation Office (ATO) and the taxation policy which company pay is totally depending on the nature of their business. A unique 11-digit number is issued by the ABN to identify the business to the ATO and to the various part of government. Human resources is very important for an organization and to find the correct person with the good skills and abilities will be very much beneficial for the company but with the person with this quality will be expensive to find and to maintain is also expensive. Though AMT is non-profit organization it is very essential for them to make proper human resource policy without increasing the cost and help also works in providing a great and safe environment for their employee.

As it clearly mentioned that AMT is a nonprofit organization so there aim is not earn profit but they want to serve people for quality of life and they are doing it extremely well. Although it is a nonprofit organization but they are managing very well in terms of financial status and has a good brand value in their local area. AMT is very much focused about their mission and they built their structure in a way that will support the company to move forward to their mission. Thus it is public company there is a benefit for them that they get some deductible gifts like some relaxation in taxation policy and gets some special benefits from their government which they run for nonprofit organization. The trust of shareholders is very much necessary for the company and AMT has able to manage that trust and always remember their accountability towards shareholders as well as people.

Conclusion

In view of the above analysis, it is stated that NFP organisations of Australia are exposed to several challenges like extensive regulatory compliances, sustaining and rising diversified funding sources as income resources, frequent alteration in government procedures and plans that influences grants and substitution for such organisations. In order to defeat the challenges the government should relax regulatory. Government should emphasize budgetary provisions to aid such organisations to take developmental initiative for such organisations. NFP organisations incorporated for social welfare should uphold and deliver superior quality standard of their services.     

Reference 

ABN Lookup (2017) Historical details for ABN 11 000 761 571. Retrieved from https://www.abr.business.gov.au/SearchByAbnHistory.aspx?SearchText=11000761571  

AMT (2017) Home Office Staff. Retrieved from https://amtglobal.com.au/about-us/amt-workers 

AMT (2017) The History of AMT. Retrieved from https://amtglobal.com.au/about-us/history-of-amt 

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CCCAUST (2017) Evangelism. Retrieved from https://cccaust.org/helping-churches/evangelism/ 

CCCVAT (2017) Australian Missionary Tidings (AMT). Retrieved from https://cccvat.com.au/ministry-resources/new-ministry 

EMMAUS (2017) Commended Workers and Missionary Dependent Scholarship. Retrieved from https://www.emmaus.edu/commended-workers-and-missionary-dependent-scholarship

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