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Bamaga Enterprises Administration |
Bamaga Enterprises Ltd (BEL) is a public company limited by guarantee; the members comprising residents of the Bamaga community who by law are not permitted to receive dividends or share in the profit. BEL, has tax exempt status, charitable objects and, being a public company, is subject to an annual audit, with its annual accounts lodged with ASIC. Profits are used for community development and support purposes and BEL is therefore a community organisation and a non-profit entity.
Past profits of BEL have been donated to charitable funds.
BEL has established the Bamaga Foundation and Bamaga Community Fund, both Charitable Funds at law. The Bamaga Community Fund is a Welfare Fund set up to assist persons in necessitous circumstances, primarily to date helping out families with the cost of funerals. |
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The Bamaga Foundation in turn has Taxation Office approval to build an investment fund which will be ultimately self sustaining in its charitable support. Click here to see Corporate Structure
Bamaga Enterprises Ltd business operations include the Resort Bamaga, Bamaga Tavern, Bamaga Bakehaus and Snack Bar and the Bamaga BP Service Station. BEL, through the Resort Bamaga also trades as Bamaga Hire Cars.
BEL also owns an investment property which it leases to Centrelink.
View image of Bamaga Centrelink |
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