Transitional NFP Reporting Arrangements
Thursday, 10th March 2016 at 4:29 pm
The national charity regulator will again accept financial reports provided to the states as meeting Australian Charities and Not-for-profits Commission’s reporting requirements for 2016.
“The Government’s recent announcement regarding the retention of the ACNC is an important step in streamlining charity reporting obligations across all levels of government,” ACNC Commissioner Susan Pascoe said.
“In the meantime, we have been working with the government to amend ACNC regulations to extend transitional reporting provisions allowing the ACNC to accept certain reports lodged with other government agencies.
“To give the sector immediate certainty, the ACNC has committed to again accept these reports for the 2016 reporting year.
“Reducing red tape is a focus of the ACNC and we are working closely with governments at all levels to align regulatory obligations and streamline reporting.”
In 2014 and 2015, the ACNC applied these provisions to accept the following reports as meeting ACNC requirements:
- Financial reports lodged by incorporated associations, co-operatives and fundraisers with state and territory regulators.
- Financial questionnaires lodged by non-government schools with the Department of Education and Training.
- Annual returns and financial reports lodged by Indigenous Corporations with the Office of the Registrar of Indigenous Corporations.
Susan Pascoe also commented on the Government’s decision to retain the charity regulator in her regular update to Not for Profits saying “we welcome the announcement and the certainty that it brings for the charity sector”.
“The government has listened and responded to the sector, which has shown consistent support for a dedicated regulator for the NFP sector,” Pascoe said.
“The decision provides me with the opportunity to reflect on the great work our team has been doing since we were established a little over three years ago.
“The efforts of our passionate and dedicated staff, including our tireless Assistant Commissioners, Murray Baird and David Locke, have helped to grow the ACNC into the supportive, reliable and trusted regulator it is today.”
Information about the current transitional reporting provisions is on the ACNC website.