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No images? Click here The Charitable PurposeACNC monthly e-newsletter June 2024 Commissioner's Column
Our data shows that cost of living issues had an impact on charities in 2022, with increases in expenses and liabilities outpacing increases in revenue and assets (in percentage terms). The 10th edition of the Australian Charities Report is packed with valuable data that helps us understand some of the challenges affecting charity operations. It demonstrates charities make an enormous contribution to Australia’s social fabric, its economy and employment. Charity news and updatesGuidance and resources for charitiesAustralian Charities Report 10th edition: Charity Data Explorer The ACNC collects and reports on a wide range of data about Australia's registered charities. Our Charity Data Explorer gives you the opportunity to interrogate this data and is part of our commitment to share insights that help inform stakeholders about the charity sector. Webinar: Related party transactions and the AIS The 2023 Annual Information Statement requires charities to report on their related party transactions. We hosted a webinar that reminded charities of the specific obligations they may have, and answered some common questions asked by the sector. 2023 Annual Information Statement Does your charity operate on a calendar year? Charities that operate on a calendar year (1 Jan to 31 Dec) must submit their 2023 Annual Information Statement before 30 June 2024. Remember that there will be new questions requiring you to report your charity's dealings with related parties. Learn more about the new questions and what you need to know in our AIS Hub. Get in early, beat the rush and submit via the Portal now. Answering your questions
Q. My charity was sent a reminder saying it’s time to submit our Annual Information Statement – what do we do now? A. Charities that operate on a calendar year basis (1 January to 31 December) need to submit their 2023 Annual Information Statement (AIS) by 30 June 2024. Submit it in the ACNC Charity Portal. If you have trouble logging in or creating an account, or can’t see your charity listed, there are instructions on our website. In the Portal, click on your charity’s name, then go to ‘Manage reporting’ and click ‘Start 2023 AIS’. If you need any help completing your AIS, please visit our 2023 Annual Information Statement Hub. It has a checklist of all the information you need to have on hand, and a detailed guide that explains how to answer each question. Q. I’ve read that charities will have to report on their related party transactions in their next Annual Information Statement. How do I know what our charity needs to report? A. Our guidance on related party transactions outlines the obligations charities have in reporting their related party transactions. The definition of a related party and the transactions charities need to report will depend on whether they are classed as small, medium or large in the period covered by the 2023 AIS. Size is based on annual revenue. Our related party transactions guidance explains in detail how charities should report.
Welcome to the charities we registered in May 2024. We register hundreds of new charities every month. Take a look at the latest list.
To remain eligible for registration, charities must meet ongoing obligations. Each time a Responsible Person (a committee or board member or trustee) commences or resigns from their position, you must notify us. Learn more about notifying the ACNC. Holding an annual general meeting is a good way to be accountable to your members. Read more about AGMs and view our free resources. Stay up to date The ACNC acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to them and their cultures and elders past and present. |