How has the Not-for-profit (NFP) sector changed as a result of the Australian Charities and not-for-profits commission (ACNC)?
The ACNC is charged with:
The ACNC is working towards each of these objectives through many projects and initiatives. The ACNC will regularly update the sector regarding its progress against these objectives.
Since the ACNC commenced on 3 December 2012, it has:
Are there any process updates or date changes that NFPs need to be aware of?
It’s important that registered charities know about the ACNC’s Annual Information Statement (AIS). All registered charities need to complete an AIS to report their activities for the 2012–13 financial year.
The AIS was released in early March 2013 and is due six months after the charity’s reporting period. For charities that use a 1 July–30 June financial year, this will be by 31 December 2013.
Charities can also ask the ACNC to use a different reporting period (known as a substituted accounting period), such as the calendar year.
The AIS doesn’t require detailed financial information, regardless of the size of the charity.
What milestones does the ACNC hope to achieve by the end of 2013?
In relation to red tape reduction for charities, the ACNC hopes to continue to collaborate with government agencies to minimise duplicated reporting, including:
In relation to its website, the ACNC hopes to:
In relation to education and guidance for charities, the ACNC hopes to:
Third Sector acknowledges the traditional custodians of the lands where we live, learn and work. We pay our respects to Elders past, present and emerging.