MEDIA, JOBS & RESOURCES for the COMMON GOOD
News  |  GovernanceLeadership

ACNC urges charities to complete their reporting requirements


Wednesday, 7th August 2019 at 5:16 pm
Luke Michael
More than 2,000 Australian charities are at risk of losing their charity status for failing their annual reporting requirements, the charity regulator warns.


Wednesday, 7th August 2019
at 5:16 pm
Luke Michael


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
ACNC urges charities to complete their reporting requirements
Wednesday, 7th August 2019 at 5:16 pm

More than 2,000 Australian charities are at risk of losing their charity status for failing their annual reporting requirements, the charity regulator warns.

The Australian Charities and Not-for-profits Commission said registered organisations must submit an Annual Information Statement to the ACNC every year.

If a charity fails to submit two Annual Information Statements – which contain information about their activities and operations – it will have its charity status revoked and will lose Commonwealth tax concessions.

ACNC commissioner Dr Gary Johns said charities have a responsibility to demonstrate transparency and accountability.

“The vast majority of charities registered with the ACNC have done the right thing, and met their obligations,” Johns said.

“However, a small percentage of charities have failed to meet their requirements under the ACNC Act.

“These organisations will lose their registration as a charity if they do not submit their outstanding Annual Information Statements by 26 August 2019.”

Data provided to Pro Bono News reveals 10,644 organisations have lost their charity status for “double defaulting” since the ACNC started the process in 2014-15.

More than 5,000 organisations lost their status in the first year alone, because many defunct charities were automatically transferred from the Australian Taxation Office when the ACNC was formed.

Since then, the number of charity revocations for double defaulting has dwindled, affecting only 196 organisations in 2017-18.

Johns said charities on the list should take action immediately, by logging in to the ACNC Charity Portal and completing their reporting requirements.

He said the ACNC has made multiple attempts to contact charities directly, but noted some organisations seemed to have incorrect contact details listed.

“We are now trying to share the message more broadly and reach as many of the affected charities as possible, to avoid unnecessary revocations,” he said.

Information from an AIS is published on the ACNC Charity Register. A full list of organisations at risk of losing their charity status can be seen here.  


Luke Michael  |  Journalist  |  @luke_michael96

Luke Michael is a journalist at Pro Bono News covering the social sector.


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

Let the young leaders of our community be your guide

Dean Cohen

Sunday, 5th April 2020 at 11:00 am

COVID-19 – Challenges facing the not-for-profit sector in Australia

Contributor

Thursday, 2nd April 2020 at 7:45 am

Charity leaders unite to lead sector through COVID-19

Maggie Coggan

Wednesday, 1st April 2020 at 6:04 pm

POPULAR

Government temporarily doubles unemployment payments amid COVID-19 outbreak

Luke Michael

Monday, 23rd March 2020 at 4:43 pm

Calls to extend coronavirus supplement to DSP recipients

Luke Michael

Tuesday, 24th March 2020 at 5:03 pm

Government unveils stimulus support for charities

Luke Michael

Monday, 23rd March 2020 at 5:36 pm

The hidden crisis of COVID-19

Maggie Coggan

Tuesday, 24th March 2020 at 5:24 pm

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!