The ACNC have confirmed that the transitional reporting arrangements, that have been in place for the last few years, have been extended to cover the 2015/16 year.
The transitional reporting arrangements allow the ACNC to accept the following reports and statements as satisfying ACNC requirements:
- Financial reports lodged by incorporated associations, co-operatives and fundraisers with state and territory regulators
- Financial questionnaires and statements lodged by non-government schools with the Department of Education and Training
- Annual returns and financial reports lodged by Indigenous Corporations with the Office of the Registrar of Indigenous Corporations
With these arrangements, charities can meet their financial reporting obligations to the ACNC without having to produce separate financial reports and statements. This works to streamline reporting for registered charities, and is an important aspect of the ACNC’s red tape reduction strategy.