From 1 July 2024 (for the previous financial year), certain not-for-profits will be required to lodge a self-review return regarding their income tax exempt status with the Australian Taxation Office.
To meet their ACNC reporting obligations, charities whose financial year operates on a calendar year (1 January to 31 December) are required to submit their 2023 Annual Information Statement (AIS) by 30 June 2024.
If the Privacy Act 1988 (Cth) applies to your organisation, these three facts should help focus you on your organisation’s compliance. If you are unsure if your organisation is subject to the Privacy Act, please contact us for advice.
To be registered as a charity, an organisation must have a charitable purpose or purposes. Charitable purpose has a legal definition, which is found in the Charities Act 2013 (Cth), and there are twelve different charitable purposes. In January 2024, the ACNC published the key factors it will consider in determining an organisation’s eligibility to …
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13/02/2024 From 1 January 2024, there is a new process for not-for-profit (NFP) organisations wishing to apply for deductible gift recipient endorsement (DGR) from the Australian government. This change is designed to streamline the administration and review of DGR eligibility. DGR endorsement means that donations received by the NFP to support its organisation may be …
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Alert: AHRC releases guidelines for new positive duty. From 12 December 2023, the Australian Human Rights Commission will have the power to enforce compliance with the positive duty obligation under section 47(c) of Sex Discrimination Act 1984 (Cth). The positive duty requires organisations and businesses to take ‘reasonable and proportionate measures’ to eliminate, as far …
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Similar to the advent of the personal computers and the internet, ChatGPT is on the path to revolutionise the way we work, and the speed in which work can be done. With this change comes impacts to a whole raft of current practices in business, which although disruptive, will, in the long term, see an …
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Charities that are companies limited by guarantee do not need to notify ASIC of changes to officeholders. However, these charities do need to notify ACNC of the change of company directors. Similarly, changes to a Charity’s constitution or address should be lodged with ACNC and not ASIC. Changes to a company name are, however, notified …
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Think it’s too early to plan for your organisation’s AGM? Think again. Many of the tasks required to properly plan for and hold an Annual General Meeting (AGM) take months to prepare for – whether it be preparing amendments to a Constitution or conducting a skills audit of your board. These things take time. Here …
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Before a charity is wound up there are several compliance activities that must occur with the Australian Charities and Not-for-Profits Commission (ACNC), including lodging the most recent Annual Information Statement. Once this is done, charities are required to submit the relevant form requesting that the Commissioner revoke registration. If the request is approved, it takes …
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