The Medical Benevolent Association of NSW is incorporated in NSW. It is an income tax exempt charity with approval as a deductible gift recipient. MBANSW has authority to raise funds in NSW and ACT. It complies with requirements under the Australian Charities and Not for profits Commission (ACNC), Australian Taxation Office, Australian Securities and Investments Commission, Office of Liquor Gaming and Racing (NSW) and the Office of State Revenue (NSW) and the Office of Regulatory Services (ACT).
The Medical Benevolent Association of NSW maintains Business, Directors and Officers Liability Insurance and Workers Compensation insurance. Expert Investment advice on the MABNSW Managed Fund is provided by BT Financial Services.
The Medical Benevolent Association of NSW uses an internal Accountant and an external auditor. HLB Mann Judd provide auditing services from their Not for Profit specialist team.