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The Charitable Purpose
ACNC monthly e-newsletter
December 2023
Commissioner's Column
It’s hard to believe it has been nearly a year since I started as ACNC Commissioner. While I am as ready as anyone for a break, I am still pinching myself that I have the privilege of leading the ACNC. The team around me have shown commitment and worked hard during this time, and I thank them sincerely for this. And for their patience with a new Commissioner, with all her questions and new ideas!
Read the full Commissioner's Column [[link removed]]
Charity news and updates
Charities (State or Territory Government Entity) Instrument 2023 [[link removed]] - consultation closes 15 December 2023
NFP Blueprint Issues Paper [[link removed]] - submissions due by 20 December 2023
Productivity Commission Philanthropy Inquiry Draft report [[link removed]] - final submissions are due by 9 February 2024
Guidance and resources for charities
Free financial reporting course
All charities are required to complete the Annual Information Statement and many also complete financial reports. But how do you know what financial information is required? And do you have the financial understanding and skills to understand what is being asked? This short course from the ACNC provides answers.
Free Online Course [[link removed]]
Related party transactions webinar
The 2023 Annual Information Statement sees charities reporting on their related party transactions. Our latest webinar reminded charities of the specific obligations they may have, and answered some common questions asked by the sector. You can watch the recording of the webinar here.
Webinar recording [[link removed]]
2023 Annual Information Statement
Charities that operate on a standard financial year (1 July to 30 June) must submit their 2023 Annual Information Statement prior to the 31 January.
Remember that there will be new questions requiring you to report your charity's dealings with related parties. Learn more about the new questions and what you need to know before completing your charity's AIS in the AIS Hub [[link removed]].
Get in early, beat the rush and submit via the Portal now.
Submit via the Charity Portal now [[link removed]]
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Subscribe to The Charitable Purpose [[link removed]] Answering your questions
A few of the most common questions we have been hearing from charities recently...
Q: My charity has started a new program. How do I update the Charity Register to include it on our register listing?
A. It is important to keep your charity's information up to date. Lots of people search the Charity Register looking for a program to support.
To make a change, log in to the Charity Portal and use the form "Change charity programs" [[link removed]].
You can use this form and update your charity's program details as often as necessary. You no longer need to wait for the Annual Information Statement to update them.
Q. I’ve read that charities will have to report on their related party transactions in their next Annual Information Statement. How do I know what our charity needs to report on?
A. Our guidance on related party transactions [[link removed]] provides a great rundown on the different obligations registered charities have when it comes to reporting on their related party transactions.
The definition of a related party, as well as the transactions charities need to report on, will depend on whether they are classed as small, medium or large [[link removed]] in the period covered by the 2023 Annual Information Statement.
Small charities need to provide details on what are known as ‘reportable related party transactions’. In their 2023 Annual Information Statements, these charities will be asked if they have any reportable related party transactions in the 2023 reporting period.
If they do, they will be presented with a series of different transaction types they can select from.
For medium and large charities, the definition of a related party and a related party transaction differs from that which applies to small charities.
When it comes to reporting, medium and large charities must disclose ‘material related party transactions’.
Again, if these charities do have these types of transactions, they will be presented with a series of different transaction types in their 2023 Annual Information Statements they can select from.
The ACNC has detailed guidance [[link removed]] on related party transactions and how charities should report them.
We register hundreds of new charities every month. You can view the list of newly registered charities by clicking on the button below.
View the list [[link removed]]
Welcome to the charities registered with the ACNC in November 2023.
To remain eligible for registration, charities must meet ongoing obligations [[link removed]].
Each time a Responsible Person (a committee or board member or trustee) commences or resigns from their position, you must notify us. Learn more about notifying the ACNC [[link removed]].
Holding an annual general meeting is a good way to be accountable to your members. Read more about AGMs and view our free resources [[link removed]].
The ACNC acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to them and their cultures and elders past and present.
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Australian Charities and Not-for-profits Commission
GPO Box 5108
Melbourne VIC 3001
© Commonwealth of Australia
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