Close to 80 per cent of charities have successfully met their annual reporting obligations to the Australian Charities and Not-for-profits Commission (ACNC), but many are now overdue.
ACNC Commissioner, Susan Pascoe AM, said charities with overdue 2014 Annual Information Statements needed to take urgent action to avoid penalties.
“We will soon begin issuing warning letters to charities that have not submitted their 2014 Annual Information Statement,” Ms Pascoe said.
“Submitting an Annual Information Statement is a legislative requirement and deliberate non-compliance may result in penalties.”
Ms Pascoe reminded charities that submitting their 2014 Annual Information Statement will mean their entry on the national Charity Register, available at acnc.gov.au/findacharity, is up to date.
“The Charity Register receives hundreds of thousands of views each year,” Ms Pascoe said.
“The Charity Register allows members of the public, donors and grant-makers to find information about charities and the important work they do in the community. The information on the Charity Register increases transparency in the sector, and promotes public trust and confidence.”
Charities that do not use a standard reporting period of 1 July to 30 June are reminded that they have six months from the end of their reporting period to submit their 2014 Annual Information Statement.
Charities are advised to check their substituted accounting period is approved by viewing their charity’s entry on the Charity Register or by logging into the Charity Portal at charity.acnc.gov.au.
Charities can find further information about the 2014 Annual Information Statement at acnc.gov.au/2014AIS.
For more information, or to arrange an interview, contact: email@example.com