South Australia has become the first state to enable streamlined reporting for charities registered with the Australian Charities and Not-for-Profits Commission (ACNC), under legislation which has now come into force.
Changes to the Collections for Charitable Purposes Act 1939 (CCP Act) have eliminated the need for charities licensed in South Australia to report to both Consumer and Business Services (CBS) and the ACNC. Charities registered with the ACNC will now only need to report their annual financial information once â€“ to the ACNC. If registered under the ACNC Act, charities can elect to notify CBS of their intention to act as a collector in South Australia as part of their registration. These charities operating in South Australia will still need to comply with the South Australian charities code of practice and will be listed on the CBS charities register.
Under other changes, prescribed associations such as religious or sporting organisations who elect to register (or continue to be registered) with the ACNC will, from 1 January 2017, no longer be required to also lodge financial statements with CBS.
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