From ACNC Communications <[email protected]>
Subject Your latest news from the ACNC [SEC=OFFICIAL]
Date February 21, 2024 11:52 PM
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The Charitable Purpose

ACNC monthly e-newsletter

February 2024

Commissioner's Column

Each year, we conduct reviews focusing on charities that may be at risk of failing to meet their obligations. This proactive approach helps us to collaborate with some of these charities and work with them on emerging issues to prevent problems. By sharing the outcomes of these reviews publicly, we can let all of those involved in running charities know more about these risks and help people with their charity’s governance.

Read the full Commissioner's Column [[link removed]]

Charity news and updates Guidance and resources for charities

Managing conflicts of interest

Our guide helps explain what conflicts of interest are and how they can be managed. The guidance is aimed at Responsible People, charity employees and volunteers.

Read more [[link removed]]

Managing charity money

Our guide will help your charity understand its obligations to the ACNC regarding financial management, reporting on transactions and the use charity funds.

Read more [[link removed]]

2023 Annual Information Statement

Is your charity's Annual Information Statement overdue?

The 2023 Annual Information Statement is now overdue for most charities that operate on a standard financial year (1 July to 30 June) and have not yet submitted it.

If your charity operates on a standard financial year and it hasn't submitted its 2023 Annual Information Statement, submit it now to avoid potential penalties.

For charities that operate on a calendar year (1 Jan to 31 Dec), submit the 2023 Annual Information Statement before the 30 June due date.

Submit via the Charity Portal now [[link removed]]

Stay up to date

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[[link removed]] Subscribe to The Charitable Purpose [[link removed]] Share this newsletter [link removed] Answering your questions

A few of the most common questions we have been hearing from charities recently...

Q. My charity has not yet submitted its 2023 Annual Information Statement (AIS) and is now overdue. What should we do?

A. If your charity has an overdue AIS, log in to the Charity Portal [[link removed]] and submit it as soon as possible. There is no need to call or email us to request an extension.

All charities are required to submit their AIS before the due date. Failing to submit the AIS can result in penalties, and failure to submit two statements can result in revocation of a charity's registration.

Q. What are key management personnel and do we have to report their remuneration in the 2023 Annual Information Statement (AIS)?

A. Key management personnel are the senior decision makers in a charity and have responsibility for planning, directing and controlling its activities, either directly or indirectly.

Examples of key management personnel are Responsible People [[link removed]] (such as board or committee members, trustees) and senior staff (such as the CEO, chief financial officer, chief operating officer).

All large and some medium sized charities (which prepare General Purpose Financial Statements) are required to report key management personnel remuneration. Small charities are exempt. Basic Religious Charities are exempt unless they choose to submit a financial report.

Key management personnel may be employed by a charity or provided by a separate ‘management entity’. Read more about reporting key management personnel remuneration [[link removed]].

Welcome to the charities we registered in January 2024.

We register hundreds of new charities every month. Take a look at the latest list.

View the list [[link removed]]

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.

[[link removed]]

Australian Charities and Not-for-profits Commission

GPO Box 5108

Melbourne VIC 3001

© Commonwealth of Australia

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