The BCT Public Fund Management Committee (PFMC) is responsible for the review, acceptance, or refusal of gifts to the BCT Public Fund.
The Public Fund Management Committee (PFMC):
- Will only accept unconditional gifts of money or property.
- Will only accept gifts if that gift can be used by the BCT for its principal purpose as defined in the Biodiversity Conservation Act 2016.
- May accept a gift of real property if it can be managed via the BCT's revolving fund mechanism to yield a high value conservation agreement consistent with the BCT's programs and principal purpose.
- May accept a gift of real or personal property even if that property itself cannot be used by the BCT for its principal purpose, on the basis that the BCT can liquidate that property, deposit the proceeds into the BCT Public Fund, and use the proceeds for its principal purpose.
- May decline to accept or decide to return a gift of real or personal property if it cannot be used by the BCT for its principal purpose.
- May decline to accept a gift of real property if it is encumbered in any manner that prevents it being used by the BCT for its principal purpose. The PFMC may seek evidence or make inquiries with the owner of the property or with appropriate regulators to satisfy itself that a proposed gift of property is unencumbered. For example, the PFMC may decline a proposed gift of property if that property was a contaminated site.
- May decline a gift of money or property valued at less than $10,000.
- May decline a gift of money or property from a prospective donor if the PFMC believes that accepting any such gift may compromise the BCT’s operations, integrity, or reputation, or constitute a perceived, potential or actual conflict of interest.
- Will not accept donations from people or organisations that are, or are likely to be, subject to regulation or inspection by the BCT or Department of Planning and Environment without adequate alternate and reasonable strategies in place to ensure that the BCT can carry out its regulatory function.
- Will not accept donations where staff have a reasonable belief that the donor is in vulnerable circumstances or lacks capacity to make a decision to donate.
For a complete copy of our Gift Acceptance Policy, please visit the below link: