In March 2026, under the Foreign Contribution (Regulation) Amendment Bill as introduced, who would take charge of assets created from foreign contributions after certificate cancellation?
Question and options
In March 2026, under the Foreign Contribution (Regulation) Amendment Bill as introduced, who would take charge of assets created from foreign contributions after certificate cancellation?
- The organisation's latest overseas donor
- A designated authority
- The jurisdictional registrar of companies
- The organisation's statutory auditor
Answer and explanation
Correct answer: B - A designated authority
The Bill was introduced on 25 March 2026. It proposed that assets created using foreign contributions vest in a designated authority after cancellation or other specified changes to registration.
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