Illustration of The Trust Structure
VIEW OUR TRUST STRUCTURE
The search for an appropriate legal structure began when the property was purchased in 1986. The Wild Mountains Trust founders looked for a structure that would protect their original vision beyond their lifetimes. At the same time they wanted to make sure that anyone who shared that vision would be able to be involved with the project in a meaningful way.
The Trust’s structure meets these requirements that weren’t satisfied by incorporation as an association or as a cooperative, or several other models that were considered.
Our operating structure allows for the inclusion of supporters who can involve themselves as financial contributors and/or as volunteers who contribute their expertise, time and energy. They help achieve our goals of education and conservation through this world class centre.
The Trust was officially created in April 1998 and has to date proved workable and effective.
Put simply under our operating structure, the Trust owns the assets of the land and everything on it, while Wild Mountains Ltd looks after all of the operations.
In other words Wild Mountains Limited is the administrative body or trustee for the Trust. Wild Mountains Limited is a company limited by guarantee indicating it as a “not for profit” organisation. It has a voting membership with limited liability, who elect a board of directors who in turn administer the Trust. According to the Articles of Association the directors meet at least 4 times a year. We seek consensus in decision making with a fall back to a 75% majority if issues get tough.
Wild Mountains Trust (ABN 75 767 213 133) has endorsement as an income tax exempt charitable entity under Subdivision 50-B of the Income Tax Assessment Act 1997 (ITAA 1997) (Item 1.1 – charitable institution).
The Trust is also endorsed as a deductible gift recipient (DGR) under Subdivision 30-55(1) of the ITAA 1997 Item 6.1.1 – public fund on the register of environmental organisations).
Wild Mountains Limited (WM Ltd) is the Trustee named for Wild Mountains Trust on the Australian Business Register, and is registered there for GST.
WM Ltd (ACN 082 088 051) is a registered company under Division 1 of Part 2.2 of the Corporations Law of Queensland and is hence an incorporated company. It is a public company limited by guarantee.
Please contact us if you would like more information about the Trust Deed or Articles of Association or membership.