The Treasury and Revenue Legislation Amendment Act 2023 (NSW) introduced several key changes to how duty is applied to various transactions in NSW. This amending Act was introduced as part of NSW’s 2023-24 budget.
We have outlined the changes which are particularly significant for charity and not-for-profit organisations. Understanding these changes is crucial for organisations
Authors: Belinda Marsh, Partner and Merisa Raic, Special Counsel.
The ACNC has published its first decision summary which is part of the new ACNC Secrecy Reforms Project (the Project).
The ACNC received funding in the 2023-24 Budget for the project with the aim of improving transparency and providing more information to the charity sector
Authors: Belinda Marsh, Partner and Ellysia Joannidis, Associate
From 9 November 2023, there will be a change to the unfair contract terms regime which will mean that Courts will be able to impose significant penalties on businesses that include unfair terms in their standard form contracts. The changes will also give the Courts more
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
Businesses including Not-for-Profit entities should review their privacy policies and procedures to ensure that they comply with the new Australian privacy principles before they commence on 14 March 2014.
The Privacy Amendment (Enhancing Privacy Protection) Act 2012 is the most significant privacy reform since the Privacy Act was introduced over 25 years ago. The new privacy principles will regulate the handling of personal information by businesses and Australian government agencies.Continue Reading Privacy Act Amendments to Regulate Businesses and Government Agencies