The Australian Charities and Not-for-profits Commission (ACNC) is pleased to confirm that the ACNC transitional reporting arrangements have been extended.
Following passage through cabinet, extension to the Regulation allowing for the arrangements was endorsed on 15 April 2016.
It provides the ACNC Commissioner with the discretion to apply the current transitional arrangements to the next ACNC Annual Information Statement.
Commissioner Susan Pascoe has exercised her discretion allowing for the arrangements to continue.
The transitional reporting arrangements currently allow the ACNC to accept the following reports and statements as satisfying ACNC requirements:
- Financial reports lodged by incorporated associations, co-operatives and fundraisers with state and territory regulators.
- Financial questionnaires and statements lodged by non-government schools with the Department of Education and Training.
- Annual returns and financial reports lodged by Indigenous Corporations with the Office of the Registrar of Indigenous Corporations.
With these arrangements, charities can meet their financial reporting obligations to the ACNC without having to produce separate financial reports and statements. This works to streamline reporting for registered charities, and is an important aspect of the ACNC’s red tape reduction strategy.
Information about the current transitional reporting provisions, which have now been extended, are on our website at acnc.gov.au/transitionalreporting.
You can find the updated regulations in full at legislation.gov.au.