Subscribe to News
Close Search
 
MEDIA, JOBS & RESOURCES for the COMMON GOOD
News  |  Policy

Finance Reporting a Key Concern for Sector


5 February 2013 at 10:44 am
Staff Reporter
Financial reporting and clarity on the statutory definition of ‘charity’ were among the top concerns of Not for Profits at the Australian Charities and Not-for-profits Commission (ACNC) national community presentation in Melbourne yesterday.


Staff Reporter | 5 February 2013 at 10:44 am


0 Comments


 Print
Finance Reporting a Key Concern for Sector
5 February 2013 at 10:44 am

ACNC Commissioner Susan Pascoe addresses the national community presentation in Melbourne. Picture: Jackie Hanafie

Financial reporting and clarity on the statutory definition of ‘charity’ were among the top concerns of Not for Profits at the Australian Charities and Not-for-profits Commission (ACNC) national community presentation in Melbourne yesterday.

The presentation was one of a series of community presentations being run by the ACNC across the country this month.

ACNC Commissioner Susan Pascoe led the session, which was attended by at least 150 representatives from the very small to some of the state’s largest Not for Profit organisations.

Senior adviser for the Office of the Not-for-Profit Sector Ruth Richardson and Federal Treasury’s Chris Leggett also took questions from the audience.

Key concerns raised at the session included questions from charities that already report to the Federal Government’s Australian Securities and Investments Commission (ASIC) and Office of the Registrar of Indigenous Corporations (ORIC) and how the transition will work.

In response, Commissioner Pascoe stressed to attendees that reporting is still in the transition period and that the transition to reporting to the ACNC to remove and minimise duplication will take time.

Not for Profits also expressed concern about how the Corporations Act will affect the way in which they comply with reporting regulations of the ACNC and how the statutory definition of ‘charity’ will affect them.

Pascoe told the capacity crowd she expected the ACNC to run similarly to other charity regulators abroad.

“We exist to maintain, protect and enhance public trust and confidence in the Australian Not for Profit sector,” she said.

“The ACNC is delighted to contribute to a robust, vibrant and innovative Not for Profit sector.” 



PB Careers
Get your biweekly dose of news, opinion and analysis to keep you up to date with what’s happening and why it matters for you, sent every Tuesday and Thursday morning.

Got a story to share?

Got a news tip or article idea for Pro Bono News? Or perhaps you would like to write an article and join a growing community of sector leaders sharing their thoughts and analysis with Pro Bono News readers? Get in touch at news@probonoaustralia.com.au or download our contributor guidelines.

Get more stories like this

FREE SOCIAL
SECTOR NEWS

Your email address will not be published. Required fields are marked *



YOU MAY ALSO LIKE

Charity sector calls for JobSeeker to be raised permanently

Luke Michael

Tuesday, 14th July 2020 at 8:00 am

So, what’s the plan, prime minister?

David Ritter

Wednesday, 8th July 2020 at 2:14 pm

Faith without work(ers) is dead

John Falzon

Saturday, 4th July 2020 at 9:00 am

Three changes affecting charity governance

Daryl Jones

Thursday, 2nd July 2020 at 7:00 am

Subscribe to News
pba inverse logo
Subscribe Twitter Facebook
×

We need your help.

Since the outbreak of COVID-19, Pro Bono Australia has seen a devastating fall in advertising and less people posting on our job board, which is how we fund our free news service. You can show us that you value the work we do by making a contribution.

 Make a contribution 

You have Successfully Subscribed!