NORMEC Registers for an ABN

As part of our recent adoption of a Risk Management Strategy the committee of the Northern Rivers Motorcycle Enthusiasts Club Inc (NORMEC) recently completed the registration for an Australian Business Number (ABN) with the Australian Business Register.

While the majority of club receipts will be “mutual receipts”, NORMEC takes its responsibility and accountability to members, the community and the Australian Tax Office (ATO) seriously. In the event that the club receives assessable income beyond the Tax Free Threshold for a Not For Profit Incorporated Association we are in a position where we can put our members and the sustainability of the club first by meeting our obligations to the ATO.

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