Know to whom you must report

Dan Wade • March 2, 2021

KNOW TO WHOM YOU MUST REPORT

An ACNC objective is to 'promote the reduction of unnecessary regulatory obligations on the Australian not-for-profit sector'.

The commission has produced a table-by-charity structure summarising annual reporting obligations and fundraising licence requirements by state.

The federal government is continuing to support philanthropic work by announcing a further extension of the ACNC's transitional-reporting arrangements.

They aim to reduce the burden on charities required to report to several regulators.

The ACNC may use its discretion to accept documents that were originally prepared for another regulator.

'The extension will reduce red tape for over 7000 charities and allow them to focus on philanthropy and giving,' said assistant minister for finance, charities, and electoral matters Zed Seselja.

It will be in place for five financial years from 2019-20. The previous extension of the arrangements applied until the 2018-19 financial year.

Since 2012, the ACNC has streamlined reporting requirements for incorporated associations with several states and territories, including the Australian Capital Territory, New South Wales, Northern Territory, South Australia, Tasmania, and Victoria.

It has streamlined requirements for charitable fundraisers in the ACT and South Australia and is continuing to work with the remaining states and territories on similar moves.

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