Guide to Giving
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  |  Finance

NSW Moves to Cut Fundraising Red Tape


Tuesday, 8th September 2015 at 11:34 am
Lina Caneva, Editor
The NSW Liberal Government has become the first to agree in principle to the benefits of aligning with the national charity regulator in an effort to reduce fundraising red tape.

Tuesday, 8th September 2015
at 11:34 am
Lina Caneva, Editor


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
NSW Moves to Cut Fundraising Red Tape
Tuesday, 8th September 2015 at 11:34 am

The NSW Liberal Government has become the first to agree in principle to the benefits of aligning with the national charity regulator in an effort to reduce fundraising red tape.

The Office of Liquor, Gaming and Racing, which oversees fundraising in NSW, recently announced its new Charitable Fundraising Regulations aimed at streamlining the reporting requirements for charitable fundraisers.

The new regulation will replace the outdated 2008 laws, with the most significant changes revolving around cost cutting and red tape reduction for charities.

Licensed fundraisers in NSW will now only need to have their financial reports audited if they have annual revenue of $250,000 or more. Previously it was $100,000.

The head of the Australian Charities and Not-for-profits Commission (ACNC), Susan Pascoe, welcomed the changes.

“This aligns reporting requirements more closely with those of the ACNC, which do not require charities with annual revenue of less than $250,000 to have their financial reports audited. Also, in the new Charitable Fundraising Authority Conditions, there is no longer a requirement for unincorporated organisations with annual income of over $100,000 to report on the outcome of an appeal,” Pascoe said.

“The ACNC welcomes these changes – they are important steps on the journey to reducing the overall reporting burden on registered charities, particularly small charities.”

A report by the NSW Government on public consultation around the new regulations outlined its plans to work closer with the ACNC.

“The opportunity to work with the ACNC to improve compliance outcomes and reduce red tape will be facilitated in the context of the shift in regulatory responsibility for charitable fundraising laws on 1 July 2015, and the opportunities provided by the continuation of the ACNC, having regard to departmental resources and priorities,” the report said.

The report also noted that “it would be beneficial for the NSW Government to work with the Australian Government to centralise information from charities through the ACNC as a one?stop?shop to reduce duplication of reporting to multiple Government departments. It would also promote integrity and enable the general public to easily search a charity’s financial and governance information with confidence through one portal”.

Pascoe flagged further changes in the future, saying the ACNC was “working hard to try and implement similar arrangements in other areas”.

For more information on the charitable fundraising changes in NSW, click here.


Lina Caneva  |  Editor |  @ProBonoNews

Lina Caneva has been a journalist for more than 35 years, and Editor of Pro Bono Australia News since it was founded in 2000.

Youth Affairs Committee Victoria

FEATURED SUPPLIERS


NGO Recruitment is Australia’s not-for-profit sector recru...

NGO Recruitment

Brennan IT helps not-for-profit (NFP) organisations drive gr...

Brennan IT

Yes we’re lawyers, but we do a lot more....

Moores

HLB Mann Judd is a specialist Accounting and Advisory firm t...

HLB Mann Judd

More Suppliers

Get more stories like this

FREE SOCIAL
SECTOR NEWS

YOU MAY ALSO LIKE

Future Uncertain for Disability Organisations Following Funding Cuts

Wendy Williams

Tuesday, 19th September 2017 at 8:29 am

Australia Launches its First Live Impact Investing Database

Luke Michael

Monday, 18th September 2017 at 5:12 pm

$1.2M for NFPs and Social Enterprises Supporting Regional Communities

Wendy Williams

Monday, 18th September 2017 at 4:35 pm

Australia Council Grants Allows Diverse Range of Artists to Prosper

Luke Michael

Thursday, 14th September 2017 at 4:14 pm

POPULAR

New Study Warns NFPs Need Strong Culture and Profits to Survive

Luke Michael

Tuesday, 5th September 2017 at 12:02 pm

Moves to Stop Volunteering at Overseas Orphanages

Luke Michael

Wednesday, 13th September 2017 at 1:54 pm

Peak Body Demands Action to Stop NDIS Leaving Aboriginal People Behind

Wendy Williams

Tuesday, 5th September 2017 at 8:37 am

Future Uncertain for Disability Organisations Following Funding Cuts

Wendy Williams

Tuesday, 19th September 2017 at 8:29 am

Write a Reply or Comment

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


Guide to Giving
pba inverse logo
Subscribe Twitter Facebook

Get the social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!