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Major reforms cut red tape for WA charities

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 to both agencies as the ACNC now shares that information and, if annual revenue is under $250,000, the accounts do not need to be audited or reviewed.

To participate in this arrangement, eligible WA charities must provide their WA fundraising licence number when submitting their Annual Information Statement to the ACNC.

To view the ACNC article in full, click here

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