Nonprofit Organization Management - , ,
LifeNets began in Australia in 2001 in the smallest and simplest way, with a small "Gold Coin" collection to support the work of LifeNets International, an overseas humanitarian agency. Donations were sent to LifeNets International to support self-help projects.Since then, "gold coin" donation centres have increased in number, income has steadily grown, individuals have donated larger amounts, and other donation programs have been introduced. It eventually became necessary to establish a legal entity to ensure transparency and accountability.On 1st July 2016 LifeNets Australia was incorporated under the Victorian Associations Incorporation Reform Act 2012 (#A00962521) and registered with the Australian Charities and Not-for-profits Commission (#50354879153).Deductible gift recipient status with the Australian Tax Office has now been approved. This means all donations in excess of $2.00 can be claimed as an offset against individual or company income tax.
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