Technical News

Partners in Recovery

Social Ventures Australia and Centre for Social Impact have partnered to produce a series of reports on the charity sector in the current crisis. Charities are working in challenging circumstances to help get us through the current crisis. They are losing revenue from multiple sources at the same time as they face increased demand for their services, and increased delivery…

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The pandemic has changed the way not-for-profits are run, and AGMs might never be the same again. Even in states and territories currently unaffected by lockdowns, organisations need to be ready to switch tack quickly if increased restrictions hit. We’ve got the answers to your frequently asked AGM questions: How does an online AGM stack up, legally? What happens if…

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This comprehensive guide sets out the steps your organisation needs to take when you’re thinking of bringing your people – your staff, managers and volunteers – back to their usual workplace. Included are template checklists you can tailor that cover: Building modifications Policies and practices Events and meetings Dealing with the public Incident procedures To download a copy of the…

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FIA Code Review

The Fundraising Institute Australia is undertaking a review of the FIA Code to ensure it remains up to date and fit for purpose in advancing professional standards of fundraising in Australia. The primary purpose of the review is to ensure that the Code continues to reflect community, fundraising sector and self-regulatory standards and values.  The review will examine the need…

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An updated memorandum of understanding between Consumer Protection and the federal Australian Charities and Not-for-profits Commission (ACNC) streamlines and reduces the regulatory burden on WA charities while allowing greater sharing of information and harmonisation between the two agencies. From the 2020 financial year, most WA charities that are registered with the ACNC no longer need to submit annual financial statements…

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During last year’s bushfires, Barber raised $51 million in a record-breaking Facebook campaign which nominated the RFS and Brigades Donations Fund as its recipient.  While the fundraiser was active, Barber said the money would be distributed across multiple states and charities.  In May, the NSW Supreme Court ruled that could not happen, despite the expectations of thousands of donors. NSW…

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This new guide for directors, preparers and auditors explains how COVID-19 challenges, uncertainties and impacts need to be addressed in the annual report. The guide, jointly published by CPA Australia, the AICD and CA ANZ, will also help investors and other users know what to look for in the annual report and better understand changes in disclosures and related communication…

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COVID-19 is having an unprecedented impact on many Australian entities. To stimulate the economy and to support those entities that have been significantly affected by the economic impacts of the Coronavirus, governments are providing a range of financial support to them. For many entities, accounting for government support of this nature will not be something encountered previously. The AASB has…

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For not for profit organisations that self-assess their eligibility for income tax exemption, the end of the financial year is a good time to complete their annual review of that assessment. For organisations endorsed as deductible gift recipients, now is also a good time to review their endorsement, and ensure they are still eligible. The ATO have produced a number…

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The Queensland government has passed legislation, to allow for certain classes of association to be exempted from the requirement to submit annual financial reports to the Qld Office of Fair Trading, where those organisations fulfil an annual financial reporting obligation to the Australian Charities and Not-for-profits Commission. To view more detail from the Qld government, click here

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