Technical News

The Institute of Community Directors has provided some tips and a detailed guide on cyber safety and fraud prevention. The war in Ukraine means that there’s now a greater cyber threat than ever. To read the Institute of Community Directors article and tips, click HERE To access the Institute of Community Directors guide, click HERE To access the CPA Australia…

READ MORE

The Public Ancillary Fund Guidelines 2022 have now been published on the Federal Register of Legislation, and came into effect on 25 February 2022. They set the minimum standards for the governance and conduct of a public ancillary fund and its trustee. The 2022 Guidelines remake the 2011 Guidelines with no changes made to existing substantive requirements. Language has been…

READ MORE

With both state and federal elections looming, it is important that charities and their responsible persons ensure any advocacy or campaigning complies with ACNC guidelines and does not threaten the charity’s registration. Charities are allowed to engage in advocacy or campaigning if these efforts: further their charitable purpose – what they are set up to achieve – and, are allowed…

READ MORE

Free Board Health Check

Tanarra Philanthropic Advisors have created a free online Board Health Check tool to help charity boards succeed in achieving their mission and goals. The Board Health Check asks a series of questions then provides a report with practical ideas to address areas for improvement and build on strengths. To access the Board Health Check, click HERE

READ MORE

The Tribunal found the applicant companies were established for the purpose of duplicating and taking over the fundraising activities of the charity, Cancer and Bowel Research Association Inc (CBRA Inc) and the trusts it administers. This was because funds raised by CBRA Inc would be required to repay a debt to the Australian Taxation Office (ATO). It found each applicant…

READ MORE

Assistant Commissioner, Jennifer Moltisanti has highlighted planned NFP measures expected in 2022: Two NFP measures have already received Parliamentary/Treasury approval: Enhancing transparency of income tax exemptions for not for profit organisations, self-assessing as income tax exempt Deductible Gift Recipients (DGRs) required to register as Charities A further three measures are in the pipeline with the legislation expected to be introduced…

READ MORE

If you’ve provided incentives or rewards to your employees for getting their COVID-19 vaccination or booster dose, it’s important to understand what your tax and super obligations are. Incentives and rewards may include: cash payments paid leave transport to and from the vaccination non-cash gifts – such as vouchers and gift cards. If you’ve provided your employees with a cash…

READ MORE

A recent decision in Addy v Commissioner of Taxation, involving a working holiday maker from the UK, may impact the PAYG to be withheld from the pay of working holiday makers. If you employ working holiday makers, regardless of the country they are from, you must continue to withhold 15% tax from their pay – unless you receive a pay…

READ MORE

Long Service Leave legislation in WA has been updated, with effect from early 2022. Key amendments to the LSL Act include: Clarifying a number of entitlements and providing for greater flexibility in how long service leave is taken through enabling an employer and employee to agree to the employee taking long service leave in separate periods of any length; and…

READ MORE

Since 1 January 2020, the Corporations Act has required all companies limited by guarantee (public companies) to have a whistle-blower policy that sets out protections provided to whistle-blowers, and the process for whistle-blowers to speak up, and to make that policy available to its officers and employees. ASIC reviewed a select sample of whistle-blower policies and is concerned the majority…

READ MORE