Registered Clubs

Clubs have been impacted by various legislative issues so achieving the best result from your operation is more important than ever before.  To ensure your Club is best positioned to address these challenges Lockwood Partners specialises in providing assistance in the following areas:

  • Financial Reporting
  • AGM Election of Directors
  • Salary Packaging
  • Strategic Planning
  • Specialised Taxation
  • Technology (Lockwoods IT)
  • Corporate Compliance

To arrange an independent review of your Club’s operations, contact Anne-Maree Crosby or Greg Dwyer on 03 5481 2911 today.

Financial reporting

  • Statutory financial reporting in accordance with the Corporations Act and applicable accounting standards
  • Concise financial reporting
  • Procedures to allow publishing of financial reports on your Club website
  • Requirements for notifying members before establishing processes and annual requirements

AGM election of directors

  • Returning Officer and Scrutineers for annual Directors elections
  • ClubsNSW proposed requirement for clubs with greater than 10,000 members to have external and approved Returning Officer
  • Experience in facilitating postal voting for New South Wales club elections

Salary packaging

  • Advice on salary packaging options available for employees
  • Calculation of salary sacrifice amounts deductible from wages depending on entity status and rebates available for tax exempt entities
  • Advice on types of benefits available and fringe benefits tax consequences
  • Fringe benefits taxation return preparation and lodgement
  • Club staff can gain access to a holistic financial planning service that helps them reduce debt and create wealth

Strategic planning

  • Future direction planning for business success
  • SWOT analysis of business operations
  • Facilitation of strategic planning process
  • Attendance at strategic planning meetings with management team and Board members

Specialised taxation

  • Calculation of taxes payable under Mutuality formula based on member income percentages
  • Advice in relation to tax exemption for sporting bodies

Technology (Lockwoods IT)

  • Professional, qualified and experienced IT technicians
  • Procurement of all hardware and software needs
  • Well versed in all popular software packages
  • On site visits to assist with the initial set up of systems and regular monitoring and advice
  • Virus and spam protection
  • Website development
  • Access to Professional Partners (e.g. Dell, MYOB, etc)

Corporate compliance

  • Timely preparation and electronic lodgement of forms for any alterations in company details and changes for Directors and Secretary
  • Preparation and electronic lodgement with ASIC of financial statements and other necessary documents e.g. minutes, etc to comply with legislative requirements