It is quite common for charities to provide gifts or honorariums to individuals who are important to their organisations as a gesture to express their gratitude and appreciation. However, as registered entities with the Australian Charities and Not-for-profits Commission (ACNC), charities are required to comply with the ACNC’s Governance Standards when applying its resources. Therefore,
With effect from 1 October 2018, associations incorporated under the Associations Incorporation Act 2009 (NSW) which are registered charities will no longer have to submit annual financial reports to NSW Fair Trading as well as the Australian Charities & Not-for-profits Commission (ACNC).
The annual financial reports which these charities lodge
The ACNC legislation passed in 2012 allowed for the creation of minimum external conduct standards that are required to be met by registered charities.
To date, this issue seems to have been in the government’s too hard tray but Treasury has now issued draft external conduct standards and is seeking submissions on them.
The draft
The ACNC has released a report that examines its compliance and enforcement activities in 2017.
The report also outlines the ACNC’s compliance focus for the year ahead.
Download the report at ACNC’s website: https://lnkd.in/gXDEUDm
The ACNC have recently released an information paper ‘Remunerating Charity Board Members‘ for charities considering paying board members for their services as a board member.
The term ‘board members’ is used throughout the information paper to generically refer to the responsible persons of a charity, such as committee members, directors or Trustees.
The
Crowdfunding has become a very popular method of online fundraising for charities and not‑for‑profits.
It generally involves an organisation setting a fundraising target online and then asking those on the internet (the crowd) for donations to reach that target.
The ACNC has issued some information for charities and donors about the use of
The ATO and ACNC are reminding charities and ancillary funds that the annual reporting period is fast approaching.
Charities registered with the ACNC (that have an annual year end of 30 June) have less than a week to submit their Annual Information Statement (AIS) to the ACNC. The AIS should be lodged via the
The ACNC Commissioner has just released the ACNC’s Interpretation Statement on Public Benevolent Institutions. The Interpretation Statement provides guidance on the ACNC’s interpretation of the law pertaining to Public Benevolent Institutions (PBI) and insight into how the ACNC and its staff will assess a charitable organisation’s entitlement for endorsement as a PBI. The Interpretation
Most Charities will be aware that it is a condition of registration as a Charity (other than as a basic religious charity) that the Charity complies with the ACNC Governance Standards which have applied since 1 July 2013.
However, it is not enough that the Charity complies with the ACNC Governance Standards at the time
In a further step to provide a user-friendly and reliable source of data for the community, last week the Australian Business Register (ABR) and Australian Charities and Not for Profits Commission (ACNC) entered into a Memorandum of Understanding (MOU) to facilitate data sharing between the two agencies.
Occasionally, there are data discrepancies between the two