- Aug 14, 2011
- AFL Club
- West Coast
- Other Teams
- Renault F1
Are all the clubs incorporated under The Corporations Act?Here's the Richmond financial report
The distinction is that they are clubs/associations limited by guarantee (i.e. they are clubs with a certain number of legal members (varies by club who is a legal member....Collingwood you need to be a social club member for instance) rather than companies limited by shares. The two WA clubs are set up as companies limited by shares and these shares are 100% owned by the WA football commission (I'm pretty sure I have that right)
In practice there is no material difference between how those clubs are run in a real sense beyond somewhat different legal obligations.
In my time the Companies Act did not apply to Associations & not for profits ....
Thanks for the link, still couldnt open it.