ACNC media release
ACNC working with states and territories to cut financial red tape
18 February 2014
Thousands of incorporated associations, co-operatives and charities undertaking fundraising or charitable collections will benefit from an announcement made today by the Australian Charities and Not-for-profits Commission (ACNC).
The ACNC Commissioner announced she will exercise her discretion to accept financial reports submitted to state and territory government in place of ACNC Annual Financial Reports for the 2014 reporting period.
The announcement means that when charities complete their 2014 Annual Information Statements with the ACNC, they will be able to electronically submit the same financial reports which they provide to their state regulators.
The move will cut red tape to medium (annual revenue of $250,000 to $1 million) and large charities (annual revenue of $1 million and over), many of which are incorporated associations operating in the states and territories.
ACNC Commissioner Susan Pascoe AM, said the ACNC would continue to work with the states and territories to reduce red tape wherever possible.
“The third Object of the ACNC Act is to promote the reduction of unnecessary regulatory obligations on the sector,” Ms Pascoe said.
“Accepting the reports of state and territory agencies will mean medium and large charities will not have to spend extra time and money filing Annual Financial Reports to the ACNC.”
“This announcement is just one of many red tape reduction initiatives we are undertaking, and shows our commitment to co-operative relationships with state and territory governments.
“In the coming weeks we will also release the report summarising the recommendations from the sector which were gathered at the ACNC’s Red Tape Reduction Forum.
“Work has also begun on a project to research baseline information about the extent of reporting and regulatory obligations on Australian charities and identify target areas for reducing the burden.
“The research includes case studies, an on line survey, mapping of obligations, and costing based on the Commonwealth Government’s new deregulation costing methodology.
“The ACNC will continue to work across jurisdictions and of course, with the charitable sector, to reduce reporting duplication wherever possible.”
Charities that still need to complete their 2013 Annual Information Statement can log onto the ACNC Charity Portal at charity.acnc.gov.au, using their Australian Business Number as their username and the password that the ACNC sent in early December 2013.Charities needing help and support can contact the ACNC by calling 13 ACNC (13 22 62) or emailing firstname.lastname@example.org.
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