ACNC issues penalty notices

The ACNC has issued several penalty notices to charities for failing to lodge outstanding AISs.

Notices have been sent to 40 large charities with annual revenue of $1 million or more, and combined assets of more than $70,000,000. The charities’ statements were more than eight months overdue.

They were given multiple reminders, including a final warning letter. Penalised charities might be fined up to $4500.
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