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A disqualified person is a Responsible Person, such as a board or committee member, that may not be eligible to serve on the board of a charity.

Revenue arises in the course of the ordinary activities of a charity, and is a component of total income. Charity size is determined by annual revenue.

A Basic Religious Charity (BRC) is an ACNC category for a particular type of religious charity.

A charity is insolvent when it is unable to pay all of its debts when they are due. A charity’s Responsible People have a duty to not allow their charity to operate while insolvent. 

The ACNC Governance Standards are a set of six core, minimum standards that deal with how a charity is run (including its processes, activities and relationships) – its governance.

A charity which is wound up will cease to exist and will end all of its operations.

Incorporated associations have a legal structure set up under a state or territory law, that is usually not-for-profit.

Charities must meet many different legal requirements imposed by government agencies, at local, state and territory, and Commonwealth levels.

Double defaulters are charities that have failed to submit an Annual Information Statement for two or more years.

A charity can be classified as small, medium or large, with a charity’s size based on its annual revenue for the reporting period. Small charities are those with annual revenue under $500,000, medium charities are those with annual revenue of $500,000 or more, but under $3 million, while large charities are those with annual revenue of $3 million or more.