To ensure the integrity of the information of the Charity Register, the ACNC’s Reporting team is writing to just over 4,000 registered charities to notify them of potential errors in their Annual Information Statements or annual financial reports.
Common errors include incorrect totals, rounding errors, addition errors and differences in the financial information stated in the Annual Information Statement and the charity’s annual financial reports.
Whilst the ACNC has the power to impose financial penalties on registered charities, this is only used where charities have deliberately provided misleading or deceptive information. Most of those that will receive an email alerting them to the potential errors will not be penalised.