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Constitution of Urabba Parks/Overview
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== Charity Status == Mr Racovolis founded Urabba Parks Proprietary Limited on 3 July 2012 as a charity to own and operate Urabba Street Reserve, a quarter-acre block located at 4 Urabba Street Rankins Springs, New South Wales 2669. Having originally acquired the property on 10 August 2011, the Founder transferred Urabba Street Reserve to the newly formed Urabba Parks on 9 July 2012 for the nominal sum of $100. At this time Urabba Parks applied for registration as a charity with the Australian Government’s newly formed charity regulator, the Australian Charities and Not-for-profits Commission (ACNC). The ACNC granted Urabba Parks registration as a charity on 3 December 2012. As a registered charity under the ''Australian Charities and Not-for-profits Commission Act 2012'' of the Parliament of the Commonwealth, Urabba Parks is required to meet the ACNC Governance Standards made under the ''Australian Charities and Not‑for‑profits Commission Regulation 2013''. The provisions of this Constitution most relevant to the meeting of these standards are section 10 (dealing with being a not-for-profit, the furthering of charitable purposes, and compliance with Australian law), section 41 (dealing with conflicts of interest) and section 98 (dealing with accountability to members in financial reporting).
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