SAGA has been incorporated as a Section 21 Company, and is registered with the Department of Social Development as a non-profit organisation (NPO). The decision to incorporate in this manner was a strategic one which ensures that all of the funds collected are used for the Guild's primary aim of furthering the interests of actors, thereby serving the public purpose of promoting the arts.
The legislation and regulations governing both Section 21 Companies and non-profit organisations ensure that the Board will always remain accountable to the members of the Guild:
- An annual audit ensures transparency and accountability to members regarding how their fees are allocated and how the organisation is run
- In addition, a Section 21 Company may not pay dividends, while a Non-Profit Organisation is prohibited from making any payments to its members other than for specific services that may be rendered to the organisation
Apart from helping to ensuring clean corporate governance, registration as an NPO has further benefits:
- Accountability to a public office improves the credibility of the sector
- The organisation has been brought into a formal system
- The Guild is better positioned to assist the industry in becoming organised
- Improved access to possible tax incentives and funding opportunities
SAGA's legal status ensures that all income generated through fund-raising initiatives, grants, donations and members' dues are applied towards improving the industry, the working environment and ultimately the lives of actors.