AUDIT UPDATE - FIVE CHARITIES LOSE STATUS
The ACNC has revoked the charity status of five organisations following separate investigations.
They are Kaizen Synergy College, White Coats Charity Incorporated, The Trustee for Storybook Angels for Disabled Animals, Australian Community & Health Foundation Limited, and Beyond Community & Health Inc.
Without charity status, these organisations will be ineligible for Commonwealth tax concessions.
Dr Johns said: 'Following investigations […] we had no alternative but to revoke the registration of these charities […]'.
Dr Johns said the ACNC had an 'education-first' approach to compliance that aims to help charities get back on track.
'We work with charities to help them establish procedures to protect their charity and ensure it is well run. However, if charities fail to display a commitment to their governance, transparency or accountability, then we will take the appropriate regulatory action,' Dr Johns said.
The ACNC governance standards require charities to operate lawfully and be run in a responsible manner.
Charities have 60 days to object to an ACNC revocation.
The commission is unable to disclose further details about the investigations due to secrecy provisions.