ACNCAdministrationFinanceGovernance

Treasury Consultation on ACNC

The Australian Government Treasury Department is looking to update some significant items in the legislation that controls what the ACNC does. They have called for public comment and consultation to get an idea if these changes are what the public and the charities want / need.

Unlawful activity – changes to the governance standards for registered charities

Treasury is seeking submissions on the draft legislative instrument and explanatory materials for changes to governance standard three in the Australian Charities and Not-for-profits Commission Regulation 2013 to expand the scope of impermissible activities that registered charities must not engage in or promote others to engage in.

You can submit responses to this consultation up until 14 March 2021. Interested parties are invited to comment on this consultation.

Click here for more information about the changes and your options to respond.


Increasing harmonised financial reporting thresholds for ACNC registered charities

The Council on Federal Financial Relations (CFFR) has asked that a framework for increasing harmonised financial reporting thresholds for charities registered with the Australian Charities and Not-for-profits Commission (ACNC) be announced by 30 June 2021. State, Territory and Commonwealth government officials, as the Thresholds Working Group, were tasked with developing this framework.

As part of developing the framework, the Thresholds Working Group is seeking the views of stakeholders on the issues associated with increasing financial reporting thresholds.

The paper includes questions where the Thresholds Working Group is specifically seeking stakeholder feedback. You are invited to read the paper, and either complete a short survey or lodge a written submission to indicate your views on the proposal. You can submit responses to this consultation up until 11:59pm Sunday 21 March 2021.

Click here for more information on the reporting threshold changes.