Impact 25 Winners
MEDIA, JOBS & RESOURCES for the COMMON GOOD
NEWS  |  Leadership

This is Not a Scam – ACNC


Tuesday, 1st September 2015 at 11:59 am
Xavier Smerdon, Journalist
Charities that receive an email regarding their financial information from the national charity regulator are being advised not to ignore it or dismiss it as a scam.

Tuesday, 1st September 2015
at 11:59 am
Xavier Smerdon, Journalist


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
This is Not a Scam – ACNC
Tuesday, 1st September 2015 at 11:59 am

Charities that receive an email regarding their financial information from the national charity regulator are being advised not to ignore it or dismiss it as a scam.

The warning comes as the Australian Charities and Not-for-profits Commission (ACNC) found that thousands of charities had made “significant” errors in their financial reporting to the regulator.

According to the ACNC common mistakes included calculating totals incorrectly and errors stemming from charities rounding financial figures to the nearest thousand.

To address the errors the ACNC partnered with the Centre for Social Impact (CSI) at the University of New South Wales, which has been writing to charities to notify them of their errors.

But a spokesperson from the ACNC told Pro Bono Australia News that some charities had mistaken the email as a scam.

“No, it is not a scam,” the spokesperson said.

“The ACNC has engaged the Centre for Social Impact (CSI) at the University of New South Wales to help ensure that the financial data reported in the AIS for the 2014 year is as complete and accurate as possible.

“The ACNC have sent emails to all charities they have identified as having significant errors in the financial information they reported to them. This email asks charities to review and correct the financial information and provides a unique link to an online correction form.”

At the end of the correction form, charities will be asked to confirm that the ACNC can use the reviewed and corrected information to replace the information previously provided.

The ACNC spokesperson said at the moment no charities would be penalised.

“Charities will not be penalised for making errors, but it is important that they are corrected as quickly as possible,” the spokesperson said.

“Charities have an ongoing obligation under the ACNC legislation to report correctly to remain registered with the ACNC.”

Charities that have not received an email but think they may have made an error in their financial reporting should log into the charity portal, select ‘submit AIS’ and click the 2014 link.

They can then review the information in the submitted 2014 AIS and check it against any financial reports.


Xavier Smerdon  |  Journalist  |  @XavierSmerdon

Xavier Smerdon is a journalist specialising in the Not for Profit sector. He writes breaking and investigative news articles.


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

Get more stories like this

FREE SOCIAL
SECTOR NEWS

Write a Reply or Comment

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



YOU MAY ALSO LIKE

Setting the record straight

Dr Gary Johns

Tuesday, 26th March 2019 at 8:23 am

Sub-funds – A growing force in Australian philanthropy

Krystian Seibert

Tuesday, 19th March 2019 at 8:55 am

Calls for stricter charity approval process

Maggie Coggan

Monday, 18th March 2019 at 3:58 pm

AICD Releases Second Edition of its NFP Governance Principles

Contributor

Tuesday, 5th March 2019 at 7:15 am

POPULAR

The ‘hidden gem’ of philanthropy

Wendy Williams

Tuesday, 19th March 2019 at 8:44 am

Advocacy groups struggle amid growing NDIS waiting lists

Luke Michael

Wednesday, 20th March 2019 at 11:46 am

Australia’s largest social bond tackles affordable housing shortage

Luke Michael

Monday, 25th March 2019 at 4:49 pm

Equity
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!