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Reminder : 2014 financial statements for state regulators will be accepted by ACNC

The ACNC Commissioner has issued a reminder on the format of the financial statements required to be lodged with the ACNC for the year ended 30 June 2014.

“I have exercised discretion to avoid duplicate reporting. As announced in February this year, I have exercised my discretion as Commissioner and have agreed to accept charities’ financial reports submitted to state and territory regulators in place of ACNC annual financial reports for the 2014 reporting period.

This is an important step in avoiding unnecessary duplication for charities and is consistent with the third object of the ACNC Act to promote the reduction of unnecessary regulatory obligations on the sector.

Charities, including incorporated associations, co-operatives and charitable fundraising organisations, completing their 2014 Annual Information Statements will be able to electronically submit the same financial reports they have provided to their state regulators to the ACNC.”

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