No images? Click here The Charitable PurposeACNC 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. Charity news and updatesGuidance and resources for charitiesManaging 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. 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. 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. Stay up to date Answering your questions
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 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 (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.
![]() Welcome to the charities we registered in January 2024. We register hundreds of new charities every month. Take a look at the latest list. ![]() To remain eligible for registration, charities must meet ongoing obligations. 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. Holding an annual general meeting is a good way to be accountable to your members. Read more about AGMs and view our free resources. 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. |