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

Thousands at Risk of Losing Charity Status


Tuesday, 12th January 2016 at 4:57 pm
Lina Caneva, Editor
As many as 19,000 Australian organisations are at risk of losing their charitable status for failing to provide their annual financial reports to the national charity regulator.

Tuesday, 12th January 2016
at 4:57 pm
Lina Caneva, Editor


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Thousands at Risk of Losing Charity Status
Tuesday, 12th January 2016 at 4:57 pm

As many as 19,000 Australian organisations are at risk of losing their charitable status for failing to provide their annual financial reports to the national charity regulator.

The Australian Charities and Not-for-profits Commission (ACNC) has warned that charities that have not completed their 2015 Annual Information Statements faced serious consequences for not meeting their core obligation.

“31 January is the due date for the 2015 Annual Information Statement for charities that use a standard 1 July to 30 June reporting period,” ACNC Commissioner, Susan Pascoe AM, said.

“This group includes around 30,000 registered charities, however, 19,000 are yet to submit with less than three weeks to go. Charities are urged not to leave it until the last minute, as thousands trying to access the systems at the one time can slow submissions.  

“More seriously, the ACNC has analysed the data and identified 3,200 charities that are at immediate risk of losing their charity status for failing to submit their Annual Information Statement for two consecutive years."

ACNC figures show that New South Wales has the highest number of charities, 6,891, that have not yet submitted their 2015 AIS.

Victoria has 4,395 charities under threat, followed by West Australia at 2,365, Queensland at 2,872 and South Australia at 1,432. Tasmania stands at 559, the Northern Territory at 447 and the ACT has 389 charities under threat.

“Submitting an Annual Information Statement to the ACNC each year is a legal requirement to maintaining registration,” Pascoe said.

“The ACNC has already revoked or removed from the Charity Register over 9,000 organisations. We do this when organisations are not meeting their obligations under the ACNC Act.

“Charities that have their status revoked by the ACNC will also lose access to Commonwealth charity tax concessions, for example, deductible gift recipient status, income tax exemption, fringe benefits tax rebates, and goods and services tax concessions.

“The information in the Annual Information Statement is used to populate the Charity Register. The ACNC is committed to providing an accurate and up-to-date Charity Register for members of the community to access when making decisions about where to donate or volunteer.

“Submitting an Annual Information Statement is not a difficult process, and the ACNC is always happy to help charities that need assistance.”

Registered charities can check their Annual Information Statement due date on their Charity Register listing at acnc.gov.au/findacharity.


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.

Guide to Giving

FEATURED SUPPLIERS


Helping the helpers fund their mission…...

FrontStream Pty Ltd (FrontStream AsiaPacific)

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

Trio of Organisations Lose Charity Status Following Investigation

Wendy Williams

Friday, 6th October 2017 at 9:19 am

Susan Pascoe Reflects on the ACNC Five Years On

Wendy Williams

Wednesday, 27th September 2017 at 3:11 pm

Susan Pascoe Appointed Head of Newly Formed Community Directors Council

Luke Michael

Friday, 22nd September 2017 at 5:21 pm

Public Interest / Private Interest – A Fundamental Distinction

David Crosbie

Thursday, 14th September 2017 at 8:46 am

POPULAR

A ‘Flash Mob’ Farewell for McGregor Lowndes

Lina Caneva

Monday, 9th October 2017 at 5:08 pm

Churchill Fellowship Explores Giving to Women

Wendy Williams

Tuesday, 10th October 2017 at 8:20 am

Doubts NDIS Timeline Can Be Met – Productivity Commission

Lina Caneva

Thursday, 19th October 2017 at 8:36 am

New Authority to Oversee Fundraising Code

Wendy Williams

Thursday, 19th October 2017 at 8:28 am

Write a Reply or Comment

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


Good 360
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!