Governance

By William Buck on 12/06/19 - Mins to read: 3 minutes

Within the NFP sector, there have been several new governance regulations introduced. The below articles provide a snapshot into the recent changes and key issues to be aware of within the NFP sector that may impact on the governance of your organisation. AICD updates governance principles At a time when...
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Financial reporting insights

By William Buck on 12/06/19 - Mins to read: 3 minutes

Applying standards This year is big for NFPs that report in compliance with accounting standards. The following complex accounting standards apply for annual reporting commencing on or after 1 January. Year-enders on 31 December are first cabs off the rank. The standards to watch out for are: AASB 15...
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Not for Profit News- Fraud & NOCLAR, Ethics, Governments & ATO

By William Buck on 12/06/19 - Mins to read: 3 minutes

Fraud and NOCLAR What good local government integrity frameworks look like A new 88-page research report shows how several local governments protect themselves against corruption. Released by the Independent Broad-based Anti-corruption Commission, Local government integrity frameworks review identifies a sample of councils that have built solid anti-corruption frameworks, providing...
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Not for Profit Newsletter Content | February 2019

By Corrine Siddles on 12/06/19 - Mins to read: 3 minutes

Welcome to our first NFP update for 2019.  There are many changes afloat at present which impact governance and financial reporting for the sector.  A key update is the recent change made by the AASB which allows NFP’s to elect not to fair value below market leases and treasury’s review...
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Not for profit News | Fraud and Noclar

By Corrine Siddles on 12/06/19 - Mins to read: 3 minutes

Former Guide Dogs manager convicted A former general manager of Guide Dogs Victoria submitted false invoices for home improvements and has pleaded guilty to three counts of obtaining advantage by deception. Sandro Cirianni, 49, of Bundoora in Melbourne’s north, was given a three-year community correction order and fined $3750....
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Not for Profit News | ACNC

By Corrine Siddles on 12/06/19 - Mins to read: 3 minutes

Charities and politics With federal and NSW elections only months away, some charities might plan to campaign on political issues. The ACNC’s guidance on election activity, Charities, elections and advocacy, notes that registered charities may undertake activities that are ‘aimed at securing or opposing any change to a law,...
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