Transitional reporting arrangements for Tasmanian incorporated associations have now ended. This means that from the 2018 reporting period, medium and large Tasmanian charities must now prepare and submit an annual financial report complying with the ACNC’s reporting requirements. Where audited financial statements are required for large charities, the auditor must either be:
- A registered company auditor, or
- A firm with at least one registered company auditor member ordinarily resident in Australia, or
- An authorised auditor company.
South Australian and ACT incorporated associations will also need to prepare for changes, as the 2018 reporting period is the last year of the transitional reporting arrangements. From the 2019 reporting period, medium and large charities will be required to ensure their financial reports meet the ACNC’s requirements.
To view more information about the ACNC transitional reporting, click here.
