Answers to some questions you may have
1. How can MINCA purchase and own land?
A: MINCA is an incorporated volunteer conservation organisation with all the powers of an individual person and may enter into contracts and acquire, hold, deal with and dispose of property (MINCA Constitution, Article 3 (2) (a) and (b)).
2. What makes your donation to MINCA legally tax deductible?
A: MINCA is listed as a charitable organisation on the Register of National Environmental Organisations. MINCA's Constitution, article 31(12) states: "All donations to the association for which Commonwealth tax deductibility has been offered must be deposited into a public fund (also known as a 'gift fund'), in accordance with the provisions of section 78AB of the Income Tax Assessment Act 1939 (or any other subsequent legislation), which is to be exclusively applied to achievement of any of the environmental purposes contained within the objects of the association."
3. . What will MINCA do with the land after the purchase?
A: A permanent Conservation Agreement over the land will be registered and the land will become a Nature Refuge and part of the Bolger Bay Nature Refuge as freehold land under MINCA ownership. MINCA will continue the regeneration of the land and use the buildings on the land for community based conservation purposes.
4. What happens to the land if MINCA is wound up?
A: According to the MINCA constitution, "In the event of the winding up of the Magnetic Island Nature Care Association Incorporated Public Fund, any surplus assets are to be transferred to another fund with similar objectives that is on the Register of Environmental Organisations." (Article 35(2)(e)).
It should also be noted that, according to Article 34(2) such a receiving organisation's rules, "...prohibit the distribution of its income and assets to its members."
5: What happens if MINCA cannot raise sufficient funds to purchase the land, or if the sale falls through for some other reason?
A: All donations will be reimbursed if the purchase does not proceed. To ensure that this can happen smoothly, please use your name to identify your transfer/donation, and let MINCA President Gethin Morgan president@minca.org or p:0437 115 489 know your contact details and the amount you deposited. This information will remain confidential.
6: What if I wish my donation to be anonymous?
A: The MINCA Executive Committee respects the privacy of all donors and your anonymity will be protected. Should it be necessary to refund donations however, we will need your contact details and the amount of your donation.
7: When will I get a receipt?
Once we have met our fund-raising target receipts will be issued. This will be before the end of the 20/21 financial year but after our June 23 deadline. If you would like a receipt send your contact details, who you would like the receipt made out to, and the amount of your donation to president@minca.org
If we don't have your details you can present a bank statement or stamped deposit slip showing the amount that's gone into our Public Fund Acc with your tax return. If you used internet banking you can you can use a printed copy of the transfer details after making the gift. For more details see HERE
1. How can MINCA purchase and own land?
A: MINCA is an incorporated volunteer conservation organisation with all the powers of an individual person and may enter into contracts and acquire, hold, deal with and dispose of property (MINCA Constitution, Article 3 (2) (a) and (b)).
2. What makes your donation to MINCA legally tax deductible?
A: MINCA is listed as a charitable organisation on the Register of National Environmental Organisations. MINCA's Constitution, article 31(12) states: "All donations to the association for which Commonwealth tax deductibility has been offered must be deposited into a public fund (also known as a 'gift fund'), in accordance with the provisions of section 78AB of the Income Tax Assessment Act 1939 (or any other subsequent legislation), which is to be exclusively applied to achievement of any of the environmental purposes contained within the objects of the association."
3. . What will MINCA do with the land after the purchase?
A: A permanent Conservation Agreement over the land will be registered and the land will become a Nature Refuge and part of the Bolger Bay Nature Refuge as freehold land under MINCA ownership. MINCA will continue the regeneration of the land and use the buildings on the land for community based conservation purposes.
4. What happens to the land if MINCA is wound up?
A: According to the MINCA constitution, "In the event of the winding up of the Magnetic Island Nature Care Association Incorporated Public Fund, any surplus assets are to be transferred to another fund with similar objectives that is on the Register of Environmental Organisations." (Article 35(2)(e)).
It should also be noted that, according to Article 34(2) such a receiving organisation's rules, "...prohibit the distribution of its income and assets to its members."
5: What happens if MINCA cannot raise sufficient funds to purchase the land, or if the sale falls through for some other reason?
A: All donations will be reimbursed if the purchase does not proceed. To ensure that this can happen smoothly, please use your name to identify your transfer/donation, and let MINCA President Gethin Morgan president@minca.org or p:0437 115 489 know your contact details and the amount you deposited. This information will remain confidential.
6: What if I wish my donation to be anonymous?
A: The MINCA Executive Committee respects the privacy of all donors and your anonymity will be protected. Should it be necessary to refund donations however, we will need your contact details and the amount of your donation.
7: When will I get a receipt?
Once we have met our fund-raising target receipts will be issued. This will be before the end of the 20/21 financial year but after our June 23 deadline. If you would like a receipt send your contact details, who you would like the receipt made out to, and the amount of your donation to president@minca.org
If we don't have your details you can present a bank statement or stamped deposit slip showing the amount that's gone into our Public Fund Acc with your tax return. If you used internet banking you can you can use a printed copy of the transfer details after making the gift. For more details see HERE