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 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
A reminder to check your School Building Funds’ compliance with the ATO requirements.
School and College Building Funds may attract the attention of the ATO’s compliance program this year. The ATO develops and implements its compliance program annually, which identifies key areas for its compliance activities for the financial year. The compliance program targets areas
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
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
Future of the ACNC slowly becomes more certain
Earlier this month, the (then) Minister for Social Services Scott Morrison stated that “there is very strong support for the Australian Charities and Not-for-profits Commission (ACNC) and I don’t believe there would be any support in the Senate for there to be any change.” Many in the
Last week the ACNC released a one page document to be used as a template governing document for registered charities who otherwise don’t have a constitution which satisfies the requirements of the ACNC.
This template governing document is for charities which are created by an Act of Parliament or are governed by Canon Law and
Federal Parliament has recently passed legislation that allows tax deductibility for donations to a new education charity called Australian Schools Plus.
For the first time, this will allow donors to receive a DGR receipt for donations for general educational purposes to particular schools.
What are the Opportunities for Deductible Gift Donations for Schooling?
Up until