The ACNC works with other government agencies to align regulatory requirements and remove reporting and other requirements for charities. The ACNC’s arrangements with some agencies are outlined in our memoranda of understanding.
Australian Taxation Office
The Australian Taxation Office (ATO) administers Commonwealth taxation law, including deciding eligibility for tax concessions. Charities registered with the ACNC are eligible to apply for charity tax concessions from the ATO.
The ACNC and the ATO
The ACNC reduces red tape for charities by working with the ATO to:
- enable charitable ancillary funds to report once to the ACNC, replacing the previous system where they were required to report to both the ATO and ACNC
- enable organisations to apply for deductible gift recipient (DGR) status and Commonwealth tax concessions when they apply to register as a charity, and
- share charity information with the ATO.
Australian Securities and Investments Commission
The Australian Securities and Investments Commission (ASIC) is Australia’s corporate, markets and financial services regulator. Approximately 6 000 ASIC-registered organisations, mainly companies limited by guarantee, are also registered as charities with the ACNC.
Find out more about charity obligations to ASIC and the ACNC.
The ACNC and ASIC
When the ACNC was established, most requirements for ACNC-registered charities to report annually to ASIC and notify ASIC of certain changes were replaced by obligations to report to and notify the ACNC. If a charity’s registration is revoked, its obligations to report to and notify ASIC start again.
Office of the Registrar of Indigenous Corporations
The Office of the Registrar of Indigenous Corporations (ORIC) registers, regulates and supports Aboriginal and Torres Strait Islander organisations as corporations under the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (Cth) (CATSI Act).
The ACNC and ORIC
The ACNC has reduced red tape for ORIC-registered charities by not requiring charities that report to ORIC to also report to the ACNC.
Find out more about Aboriginal and Torres Strait Islander corporations, including when to contact ACNC or ORIC.
Other Commonwealth government agencies
A charity's notification and reporting obligations to certain government agencies can be reduced or replaced by obligations to the ACNC.
For example, the ACNC will accept financial questionnaires provided by non-government schools to the Department of Education and Training (DET) as meeting the requirement to lodge financial reports under the ACNC legislation for the 2014 and 2015 reporting periods.
The ACNC will also accept financial reports provided to DET for the 2016 and 2017 reporting periods, and is working with the sector on longer-term streamlined arrangements.
The ACNC continues to work with multiple Commonwealth agencies to streamline access to government grants and remove duplication in other reporting.