Remaining Not-For-Profit
Remaining Not-For-Profit
All FUSA affiliated Clubs must remain not for profit as a requirement under the FUSA Clubs & Student Communities Regulations. While the Club may receive income (e.g: through ticket/merchandise sales, sponsorship, etc.), all profits must be returned to the Club and reinvested into the Club’s activities. The Club may not operate in a manner aimed at returning a profit toward any registered Club member (including the Club Executive) or their immediate families.
Unless via prior written approval by FUSA’s Program Coordinator, Clubs & Students Communities (or delegate), a Club must not:
- Pay a registered Club member or their immediate families for any service or product (except for reimbursement of actual incurred costs for Club expenses, upon supply of receipt);
- Provide a gift of more than $20 to a registered Club member or their immediate families;
- Make a donation and/or payment to any organisation of which any registered Club member has a pecuniary interest
Failure to adhere to these conditions is considered a ‘Major Breach’ of the Club’s obligations under the FUSA Clubs & Student Communities Regulations, which may lead to any combination of disaffiliation of the Club, debt recovery measures taken against the Club and/or Club Executive, and/or the reduction or removal of access to Club funding. In extreme cases, FUSA may submit a police report and may undertake legal action against the offending party.
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