The ACNC appears at Senate Estimates hearings as part of our transparency and accountability to the public. Our Commissioner presents an opening statement to give senators an update on the ACNC.
We are committed to publishing interagency agreements such as Memoranda of Understandings (MOU) and Exchange of Letters (EOL) to be transparent about our dealings with other agencies and to demonstrate our independence as a regulator.
For an organisation to have a charitable purpose of relieving necessitous circumstances, it must only provide, via funds or goods, assistance to people who would otherwise lack what they need to have a modest standard of living in the Australian community.
A charity with a purpose of relieving necessitous circumstances will be entitled to registration with the charity subtype of 'advancing social or public welfare’.
Australia's registered charities must report annually to the ACNC. Charities do this by completing and submitting an Annual Information Statement and, in the case of medium and large charities, an annual financial report. And each year, the ACNC review's 250 Annual Information Statements (AISs) and Annual Financial Reports (AFRs) as part of our work to improve the accuracy of information published on the Charity Register. This report summarises our findings for the 2023 reporting period.
Registered charities in Australia have an ongoing obligation to report annually to the ACNC. To do this, charities complete and submit an Annual Information Statement and, in the case of medium and large charities, an annual financial report. This report analyses charities’ reporting during the 2021 reporting period.
A charity's annual financial statements must be either General Purpose Financial Statements (GPFS) or Special Purpose Financial Statements (SPFS). The type of annual financial statement a charity must prepare is dependent on whether it is classed as a reporting entity.