Not for Profit

Fundraising reforms to aid Vic charities The Victorian government has passed Consumer Legislation Amendment Act 2019, which made important changes from 31 August to the state’s Fundraising Act 1998. Entities already registered with the ACNC will no longer need to register as a fundraiser with Consumer Affairs Victoria. Instead, they...
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Wage underpayment FAQs Wages underpayment has become a pressing issue in the Australian economy.  Several large businesses have admitted to having (often inadvertently) underpaid staff. The Australian Accounting Standards Board has released Staff FAQs – Remuneration underpayments to remind entities of the standards that might apply when accounting for...
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ACNC focuses on DGR reforms Reviewing deductible-gift-recipient reforms is a notable focus of the ACNC’s 2020-21 corporate plan. The plan sets out priorities for 2020-24 and explains how the commission will meet its statutory obligations. In 2020–21, the commission will begin reviews of 500 existing charities with DGR endorsement...
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COVID-governance report released The Australian Institute of Company Directors and the Governance Institute of Australia have released a new report on the impact of COVID-19 on board practices. The report reveals insights into governance challenges in the current climate. Governance through a crisis: Learning from COVID-19 includes insights from...
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Release of The Australian Charities Report 2018 Australian charities’ revenue grew by more than 6 per cent in 2018, more than triple the Australian economy’s counterpart figure. This is a key finding of the just-released ACNC’s Australian Charities Report 2018. The report documents the contribution of Australian charities to...
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ATO helps NFPs to comply The Australian Taxation Office has compiled a list of online resources that aims to help NFPs in their annual reviews of tax compliance. Included are an online guide on exemptions for sporting clubs and an income-tax-status review worksheet that most NFPs should be able to...
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