AAP FactCheck is an editorially independent unit of Australian Associated Press Ltd (AAP), an independent, not-for-profit organisation that was established in 2020 "to advance tolerance and understanding by protecting independent, ethical and sustainable news gathering and reporting in Australia." It superseded the former Australian Associated Press Pty Ltd Newswire and FactCheck businesses and continued an 85-year legacy of providing media companies and corporations with news and information of public interest.
AAP is a not-for-profit company and does not have owners or shareholders. It is "motivated by public interest, ensuring the news service is not influenced by third parties. AAP FactCheck has operated since 2019 with the stated aim of combatting misinformation in the region and supporting the growth of media literacy skills.
It is constituted by a group of members who have no ownership rights over the organisation, which is governed by a board of elected directors. AAP derives income from subscriptions to its news, image and information services. AAP, the parent company of AAP FactCheck, accepts philanthropic donations and government funding to offset the losses of its news operations.
|AAP FactCheck is a separate business unit of AAP, with its own profit and loss statement. It subsidises AAP's general newsroom operation via revenue earned from Third-Party Fact-Checking partnership agreements with Meta and TikTok, and short-term project-based partnerships with other non-partisan entities, such as Google.
AAP publishes at least 25 fact-checks a month. "with the vast majority of content debunking consequential pieces of misinformation and disinformation."
PLEASE ALSO SEE: https://www.aap.com.au/aap-factcheck-organisational-structure/ and attached ASIC Certificate - proof of legal regisration of Australian business
Australian Associated Press Ltd (AAP) is an independent, not-for-profit organisation established in 2020 to advance tolerance and understanding by protecting independent, ethical and sustainable news gathering and reporting in Australia.
AAP has an 85-year legacy of providing media companies and corporations with news and information of public interest, and has been operating an editorially independent fact-checking unit, AAP FactCheck, since 2019 in a bid to combat misinformation in the region and support the growth of media literacy skills.
As a not-for-profit entity, Australian Associated Press Ltd has no owners or shareholders. It is constituted by a group of members who have no ownership rights over the organisation. The organisation is governed by a board of elected directors. AAP derives income from subscriptions to its news, image and information services. AAP, the parent company of AAP FactCheck, accepts philanthropic donations and government funding to offset the losses of its news operations. Donors, clients, funders and government do not seek, nor are granted, any influence over editorial operations or the governance of AAP. It is strictly non-partisan and objective in its operations, and funding agreements stipulate its editorial independence. AAP adheres to stringent editorial principles and a charter of editorial independence.
AAP FactCheck is a separate business unit of AAP, with its own profit and loss statement. It subsidises AAP's general newsroom operation via revenue earned from Third-Party Fact-Checking partnership agreements with Meta and TikTok, and short-term project-based partnerships with other non-partisan entities, such as Google. At all times, AAP FactCheck maintains full editorial independence. AAP FactCheck has its own homepage (factcheck.aap.com.au) within the AAP website (aap.com.au), with separate menu navigation and unique content presentation. We routinely publish at least 25 checks per month - but the monthly publication average is higher over the past 6 months, with the vast majority of content debunking consequential pieces of misinformation and disinformation.
The relevant Company Objects are included below for your reference:
1.1 Objects
The Company is established to advance social and public welfare, to advance education and
to promote mutual respect and tolerance between Australians for the benefit of the general
public in Australia by:
(a) promoting independent, ethical and sustainable news gathering and reporting to
advance understanding in Australia of the social, economic and political circumstances
of those in need, including in regional and rural Australia and Indigenous communities,
(b) promoting activities and programs in primary and secondary schools and in tertiary
institutions that support and develop the use of accurate, fact-based communications
in social media and public discourse;
(c) providing access to accurate information about Australian society that enables and
encourages widespread understanding and tolerance among all sectors of the
community;
(d) providing access to accurate, fact-based international media sources that enables
broader public understanding of issues relating to the natural environment in
Australia, and to the security or safety of the Australian public (including from geopolitical, environmental and health causes); and
(e) pursuing any other specific purpose that will advance any of those objects.