The ACNC has launched a new guide for not-for-profit board members on managing finances and meeting their reporting duties.
It has been designed to provide insight into good practices of financial management, focussing on practical steps that charities could take to ensure their finances were used appropriately and protected from misuse.
It also explains the obligations that charities have to the ACNC with regard to their finances, such as providing financial reports and ensuring that they operate as not-for-profits.
A free copy of the guide can be obtained here.