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TREAT Environmental Benefit Fund
Another milestone in TREAT's history
In March 2000, with the approval of the Minister of the Environment & Heritage (Senator Robert Hill), TREAT was entered on the Commonwealth Government's Register of Environmental Organisations. To achieve this, we had to hold a special General Meeting, modify our Constitution and set up a Public Fund.
At the same time that TREAT was entered on the register, our Public Fund – entitled "TREAT Environmental Benefit Fund", was approved by the Assistant Treasurer (Senator Rod Kemp) as a charitable fund. This means that all donations to the fund over the value of $2 are tax deductible and individual donors can claim such donations as charitable gifts in their tax returns.
The Fund is managed by a separate committee which also needed Commonwealth Government approval; this has been set up with three members from the TREAT Management Committee. Our auditor, Eacham Accounting will provide advice to ensure that appropriate standards are maintained as we now have to account to the Government and the public for the way in which we manage the fund.
The Fund opened on 9th March 2000 and stands at $29,885 (at October 2009). With a steady flow of donations from members and others, we can now look forward to the day when our projects will progressively be funded from our own resources.