In this episode we talk about the practical steps that organisations can take to manage related parties. Keeping records about related parties and publicly reporting information about them is essential to the good financial governance of registered organisations.
ROCpod was a monthly podcast created by the Registered Organisations Commission, which is now abolished. The obligations for registered organisations remain unchanged, with the functions transferred to the Fair Work Commission as the regulator from 6 March 2023. If you need further information please contact the Fair Work Commission on 1300 341 665 or email [email protected].
01:40 What is a related party
03:46 How organisations can manage related parties
05:15 Disclosing and managing material personal interests
09:20 Related parties policy and disclosure register
ROCpod was the official podcast of the Registered Organisations Commission. It is copyright to the Commonwealth of Australia. The opinions expressed in ROCpod are the opinions of the particular speaker and not necessarily the opinions of the regulator.
This information is general and is not intended to be comprehensive, it is designed to assist in gaining an understanding of the relevant provisions of the legislation, the regulator and its work. The regulator is not able to provide legal or accounting advice.
For further information please see the registered organisations materials on our website or contact us at [email protected].