Transitional reporting arrangements
To help reduce the reporting burden on charities that report to other agencies
To work out if any transitional arrangements apply for your charity, find the agency your charity reports to or is regulated by below.
We also have transitional arrangements in place that give us time to work with other government agencies to implement long-term streamlined reporting arrangements.
Attention - Important information!Charities that are incorporated as companies by or registered with the Australian Securities and Investments Commission (ASIC) have many of their notification and reporting obligations to ASIC replaced by obligations to the ACNC. This is not a transitional arrangement. Read more about ASIC and ACNC obligations.
Office of the Registrar of Indigenous Corporations (ORIC)
Indigenous corporations registered with ORIC must continue to comply with ORIC reporting obligations unless we notify them of any different requirement. We are working with ORIC, so your corporation can continue to operate and report to ORIC as it has always done, without reporting to the ACNC separately. The information you provide to ORIC is provided to the ACNC so that we can update your charity’s details on the ACNC Register.
Read more about ORIC-registered charities.
State or territory regulators of incorporated associations, cooperatives or charitable fundraisers
If your charity reports to particular state or territory regulators, we may accept these financial reports as meeting our requirements for the 2014, 2015 and 2016 reporting periods, so you can submit the same financial report to the ACNC. We will continue to work with state and territory regulators to streamline the reporting arrangements for charities.
Read more about state and territory reports below
Department of Education and Training (DET)
If your non-government school submits a financial questionnaire to DET, you do not have to provide financial information to us directly for the 2014, 2015 and 2016 reporting periods. We will accept the financial information lodged with DET as meeting our requirements under the ACNC Act to complete the financial information in the Annual Information Statement (and to lodge a financial report for medium and large charities).
Read more about the obligations of non-government schools.
Australian Taxation Office (ATO)
Prior to the 2016 reporting period, charities that were ancillary funds were required to submit an ancillary fund return to the ATO and an Annual Information Statement to the ACNC.
From the 2016 reporting period onwards, the majority of these funds will only be required to submit the Annual Information Statement to the ACNC. The ATO will contact funds that still need to submit an ancillary fund return to the ATO.
To allow ancillary funds to adjust to the new reporting requirements, the ACNC Commissioner has exercised her discretion to defer the 2016 Annual Information Statement lodgement deadline to 28 February 2017 for funds reporting on the 1 July to 30 June reporting period.
Read more about private and public ancillary funds
Transitional reporting for Medium and Large charities for 2014 and 2015
Medium and large charities – 2014 reporting period
Financial statements complying with the Australian Accounting Standards
Generally, a financial report includes financial statements that comply with accounting standards (‘general purpose financial statements’) or ‘special purpose financial statements’ that meet the minimum accounting standards listed under regulation 60.30 of the Australian Charities and Not-for-profits Commission Regulation 2013 (Cth).
Whether you can prepare general purpose financial statements or special purpose financial statements will depend upon the circumstances of your charity. Read more about financial statements.
However, your medium or large sized charity will not be required to provide general or special financial statements for the 2014 reporting period if it:
- was not required, under an Australian law, to prepare a financial report that complied with the Australian Accounting Standards in the 2013 reporting period, and
- it did not prepare a financial report for the 2013 reporting period that complied (or purported to comply) with accounting standards.
Instead, for the 2014 reporting period, your charity only needs to complete the financial information section within the 2014 Annual Information Statement, but this financial information must be either reviewed or audited (depending on your charity’s size). This information will be your charity’s ‘financial statements’ for the 2014 reporting period.
Attention - Important information!
Templates for transitional financial reporting
We have developed transitional financial report templates for medium and large charities. The templates include the financial information questions in the 2014 Annual Information Statement and notes to take to your auditor to either review or audit. You also need to provide a ‘responsible persons' declaration’, which is included in the financial reporting template.Only use these transitional financial reporting templates for the 2014 reporting period. We will not accept them for other reporting periods.
Download the reports below:
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Reporting on an accrual basis
If your medium or large charity has reported on a cash basis in the past, it can provide information to the ACNC on a cash basis for the 2014 reporting period only.
This financial information prepared on a cash basis does not need to comply with the accrual accounting requirements of Australian Accounting Standards and, as such, does not need to present a true and fair view.
If you change from cash to accrual reporting, your charity (and its auditor or reviewer) needs to communicate this due to the potential confusion this change may cause. You can communicate this change by disclosing it in the notes to the financial statements. Read more about cash and accrual accounting.
Medium and large charities – 2015 reporting period
Ongoing reporting obligations apply
Medium and large charities are required to prepare financial reports under the Australian Accounting Standards that provide a true and fair view. These charities are also required to report on an accrual basis.
Attention - Important information! Do not attach the transitional financial reporting templates for medium and large charities. These templates were only available for the 2014 reporting period and do not meet the ACNC financial reporting requirements from 2015 onwards.
If your charity:
You do not need to provide 2014 comparative information in the 2015 financial report.
Your charity (and its auditor or reviewer):
Your auditor or reviewer:
- must make sure their report is consistent with the basis of accounting as disclosed in the notes to the financial statements, and
- may determine that it is appropriate to issue an emphasis of matter in respect of the comparative information.
An ‘emphasis of matter’ is a part of an auditor’s/reviewer’s report which draws attention to a note within the financial statements which the auditor/reviewer regards as essential to understanding the statements in full.
Medium and large charities – 2016 reporting period
Ongoing reporting obligations apply
Medium and large charities need to prepare financial reports under the Australian Accounting Standards that provide a true and fair view. These charities also report on an accrual basis and comparative requirements apply.
Reporting to state or territory regulators
Your medium or large charity may currently submit financial reports to the state or territory regulator because it is:
- an incorporated association
- a cooperative, or
- a charitable fundraising organisation.
If so, you can submit the same financial report to the ACNC. We will accept this financial report as meeting our requirements for the 2014, 2015 and 2016 reporting period.
Attention - Important information! Upload the same financial report you previously provided to the state or territory regulator in the financial information section of the Annual Information Statement. Remember to select the state or territory where you submitted that financial report.
The ACNC will accept the financial reports from the types of charities listed* as follows:
|State or territory
||Charitable fundraising organisations
||No, as reports not lodged to the WA Government
||No, as reports not required in NT
|TAS(only for 2014 and 2015, read below for 2016 onwards)
||No, as reports not required in TAS
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* If your charity is an incorporated association or co-operative AND a charitable fundraising organisation, submit the same report provided to your incorporating regulator (not the fundraising report). However, if your charity is a trust or is unincorporated, you can submit your fundraising report.
Find your state or territory regulator.
Read the Commissioner’s Policy Statement: Accepting other government reports.
Tasmanian incorporated associations
Reporting requirements for Tasmanian incorporated associations have changed from 1 October 2016. This change will take effect if your Tasmanian incorporated association is required to lodge an annual return with the Tasmanian government on or after 1 October 2016. If your charity is an incorporated association registered with the ACNC and submits an Annual Information Statement and Annual Financial Report (for medium and large charities) to the ACNC, it is no longer required to submit an annual return to the Commissioner for Corporate Affairs in Tasmania.
This exemption only applies if the charity continues to comply with the ACNC annual reporting requirements.
Transitional reporting period
To support charities to transition to ACNC reporting requirements, a transitional reporting arrangement will be allowed for Tasmanian incorporated association charities.
2016 reporting period
For medium and large Tasmanian incorporated associations preparing financial reports for the reporting period ending 30 June 2016 (or any later reporting period approved by the Commissioner), if your charity:
- is a non-reporting entity and prepares a special purpose financial statement,
you can continue to submit to the ACNC the same financial report that meets the requirements of the Associations Incorporation Act 1964.
2017 reporting period
For the reporting period ending 30 June 2017 (or any later reporting period approved by the Commissioner), if your charity:
- did not submit a full financial report meeting the ACNC reporting requirements for the 2016 reporting period, and
- continues to be a non-reporting entity and prepares a special purpose financial statement,
you will need to prepare a financial report meeting ACNC reporting requirements for special purpose financial statements but you do not need to provide 2016 comparative information in the 2017 financial report.
Your charity (and its auditor or reviewer) needs to ensure that reports communicate why it is not providing 2016 comparative information and adequate disclosures are made in the notes to the financial statements. Example disclosure: comparative information not included in financial report.
Audit requirements during transitional period
ACNC requires large charities to provide audited financial statements conducted by an auditor that is:
- a registered company auditor, or
- a firm with at least one registered company auditor member who is ordinarily resident in Australia, or
- an authorised audit company.
During the transitional period, you will not be penalised for providing an audit that does not meet the ACNC reporting requirements.
Ongoing reporting obligations apply – 2018 reporting period
Medium and large Tasmanian incorporated associations registered with the ACNC must use accrual accounting when preparing their financial statements and ensure the financial statements meet all of the ACNC reporting requirements and comparative requirements will apply.
Small incorporated associations (with annual revenue of less than $250,000) do not need to prepare audited financial statements and are not required to lodge their financial reports with the ACNC. However, they must continue to report annually to the ACNC by submitting the Annual Information Statement each year.
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