Posts By: nfpas

The Government is collaborating with the charity sector to develop a voluntary code to improve the transparency of the use of charitable donations during natural disasters. The Transparency Code will provide charities which choose to become signatories with a framework for transparent reporting of disaster recovery fundraising and activities. A working group of charity representatives and Treasury officials has developed…

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Treasury is seeking feedback and views from stakeholders on the issues identified in recommendation 17 of the 2018 Australian Charities and Not-for-profits Commission Legislation Review. Specifically, the consultation paper seeks to understand stakeholder views around the following: concerns and impacts of the ACNC’s current secrecy provisions; views about the benefits and sensitivities of public disclosure of certain information about the…

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The Australian Government has announced amendments to Governance Standard 3 to ensure that Australian charities that engage in or use their resources to actively promote unlawful behaviour face enforcement action. The new regulations will empower the Australian Charities and Not‑for‑profits Commissioner to investigate charities engaging in or promoting serious unlawful acts of trespass, vandalism, theft or assault and threatening behaviour.…

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Not-for-Profit Finance Week, an initiative of Commonwealth Bank and Our Community, will be held 9–13 August 2021 and is a celebration of ideas, knowledge and financial capacity-building for the $100 billion Australian not-for-profit sector. Five free webinars are offered: Questions your not-for-profit should be asking about finances Cyber security – keeping safe online The not-for-profit balance sheet Changes and challenges…

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The ATO has provided a fact sheet for deductible gift recipients to share with their donors, to help them understand what they can and can’t claim this tax time. TO download the ATO fact sheet, click here

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The Australian Government has announced it will cut red tape for thousands of Australian charities, with financial reporting obligations to be eased. The financial reporting thresholds will increase for small and medium charities: Financial reporting thresholds for small charities will increase to under $500,000 annual revenue. Financial reporting thresholds for medium‑sized charities will increase to under $3 million annual revenue.…

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From 1 July 2021, charities registered with the ACNC can access a simpler application process when applying to NSW Fair Trading to receive or renew an authority to fundraise in that state. Registered charities that are fundraising authority holders will not need to submit a separate annual return to NSW Fair Trading – they will only need to report to…

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From 30 July 2021 the ACNC will provide links on the Charity Register listing of affected registered charities to the AEC’s Transparency Register that discloses details of political donations and electoral expenditure. When a registered charity is required to report expenditure to the Australian Electoral Commission (AEC), and the AEC publishes that expenditure, the ACNC will be required to publish…

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The SA government is currently undertaking a review of the legislation governing incorporated associations.  The draft amendment to the legislation has been developed to: support associations by increasing transparency and reducing red-tape; improve regulatory oversight of associations through providing for greater consistency and introducing minimum checks and balances; and provide for appropriate regulation of the sector by empowering the Corporate…

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The ATO has released reporting guidelines to explain what is required for STP Phase 2 reporting through STP Phase 2 enabled software. The mandatory start date for STP Phase 2 reporting is 1 January 2022. Your payroll software provider will advise if they have received a deferral from the ATO for the go live date. To access the ATO STP…

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