c
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.

FEATURED SUPPLIERS


Helping the helpers fund their mission…...

FrontStream Pty Ltd (FrontStream AsiaPacific)

Prolegis Lawyers work exclusively for charities, other not-f...

Prolegis Lawyers

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

HLB Mann Judd

We specialise in data solutions consulting and IT profession...

DQUBE Solutions

More Suppliers

Get more stories like this

FREE SOCIAL
SECTOR NEWS

YOU MAY ALSO LIKE

ACNC Issues Direction to RSL National

Luke Michael

Tuesday, 20th February 2018 at 4:59 pm

Charities Encouraged to Have Their Say on ACNC Review

Luke Michael

Tuesday, 20th February 2018 at 2:01 pm

NSW RSL Inquiry Prompts Calls for Sweeping Fundraising Reform

Wendy Williams

Wednesday, 14th February 2018 at 4:42 pm

Advisory Board Warns There is No Need to Change ACNC Legislation

Luke Michael

Friday, 9th February 2018 at 5:23 pm

POPULAR

Luke Batty Foundation to Close as Rosie Batty Steps Down

Luke Michael

Monday, 19th February 2018 at 5:37 pm

Calls to Remove ‘Blanket Religious Exemptions’ for Faith-Based Charities

Luke Michael

Friday, 16th February 2018 at 2:35 pm

Sharp Decline in People Accessing Disability Support Pension

Luke Michael

Wednesday, 21st February 2018 at 4:59 pm

Employee-Led Mutual to Deliver NDIS Services in SA

Luke Michael

Monday, 19th February 2018 at 10:54 am

Write a Reply or Comment

Your email address will not be published.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


c
pba inverse logo
Subscribe Twitter Facebook

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

You have Successfully Subscribed!