Document ID: chunk:federal_register_of_legislation:F2023C01018:reg:6:p12
Version: federal_register_of_legislation:F2023C01018
Segment Type: reg
Provision Reference: reg 6 (pt 12/15)
Character Range: 59874–62957

relation to its activities carried out outside Australia.

Application
 (2) This standard applies to a registered entity that is:
 (a) operating outside Australia; or
 (b) working with third parties that are operating outside Australia.

Standard
 (3) The registered entity must obtain and keep records necessary to prepare a summary of its activities outside Australia on a country by country basis for each financial year during which it:
 (a) operates outside Australia; or
 (b) gives resources (including funds) to third parties outside Australia (or within Australia for use outside Australia).
Example: Records should be obtained and kept about the following information:
(a) the kinds of activities that the registered entity conducted outside Australia;
(b) details of how the registered entity's activities outside Australia enabled it to pursue and achieve its purpose;
(c) details of any procedures and processes that the registered entity used to monitor its overseas activities;
(d) a list of the third parties that the registered entity worked with outside Australia;
(e) details of any documented claims of inappropriate behaviour by the registered entity's employees or responsible entities outside Australia, and subsequent actions taken by the registered entity as a result.
 (4) The records obtained and kept must include information on the registered entity's expenditure relating to its activities outside Australia on a country by country basis for the financial year.

Subdivision 50‑C—Standards about conduct outside Australia

50.30  Standard 3—Anti‑fraud and anti‑corruption

Object
 (1) The object of this external conduct standard is to give the public (including members, donors, employees, volunteers and benefit recipients of a registered entity to which the standard applies) confidence that the registered entity is managed in a way that:
 (a) ensures that the registered entity remains solvent; and
 (b) minimises the risks to the registered entity's assets; and
 (c) ensures that the registered entity, and its resources, are furthering the registered entity's purposes; and
 (d) ensures that the registered entity is operating in a way that is consistent with its purpose and character as a not‑for‑profit entity.

Application
 (2) This standard applies to a registered entity that is:
 (a) operating outside Australia; or
 (b) working with third parties that are operating outside Australia.

Standard
 (3) The registered entity must take reasonable steps to:
 (a) minimise any risk of corruption, fraud, bribery or other financial impropriety by its responsible entities, employees, volunteers and third parties outside Australia; and
 (b) identify and document any perceived or actual material conflicts of interest for their employees, volunteers, third parties and responsible entities outside Australia.
Note: A responsible entity of a registered entity must also disclose all material conflicts of interest as one of their duties under governance standard 5—see section 45.25.

50.35  Standard 4—Protection of vulnerable individuals

Object