Changes to Reporting Requirements for Incorporated Associations

Charities that are incorporated associations in Tasmania (TAS), South Australia (SA) and the ACT are reminded that they will no longer need to submit to their state or territory regulator. Instead they will report once to the ACNC via their Annual Information Statements. Medium and large charities will also need to submit their annual financial reports. The ACNC will then share relevant data with their state regulator.

The two-year transitional reporting period for affected charities to transition to meet ACNC reporting requirements has now ended. From 2019, medium and large charities that are incorporated associations in TAS, SA and ACT must use accrual accounting and ensure their annual financial reports meet all ACNC reporting requirements, including the ACNC’s requirements for audits or reviews.

To view the ACNC article in full, click here.

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