- Last updated:
- 19 Feb 2016
Auspicing means that an organisation which is recognised by the ATO as a not-for-profit type, or has a legal not-for-profit status takes responsibility for ensuring the funds are used as outlined in the grant allocation.
An auspicing organisation will be responsible for:
- the receipt, banking and administration of all moneys
- project monitoring and completion
- ensuring the applicant acquits the funding on time
- sign off on the acquittal form.
An auspicing organisation may also provide the following support to the applicant:
- provide insurance for the project
- provide mentoring for the auspiced group.
An auspicing organisation may also charge a small fee for the above services.
It is the responsibility of the group being auspiced to ensure that a clear agreement is reached before applying for funding. An Agreement Form must be filled out and included with the application of any auspiced group.
Why should my organisation auspice/sponsor another group?
By auspicing, you may be helping out a new and developing local community group if they are doing a great project.
It is a great way of ensuring that important projects get off the ground. It is also a great way for your group to build long term partnerships.
This information is a guide only. Please email queries to email@example.com.