Summary - Draft Details Regarding the ACNC Annual
Information Statement Released
Under the Australian Charities and Not-for-Profits Commission
(ACNC) Act 2012 all registered charities are
required to prepare and lodge Annual Information Statements.
Registered charities must submit an Annual Information Statement
(AIS) to the ACNC Commissioner no later than 6
months after the charity's end of financial year (i.e. due 31
December 2013 unless a substituted accounting period has been
approved by the ACNC). Failure to comply with this requirement may
result in an administrative penalty being payable.
The Council of Australian Governments' Regulatory Impact
Assessment of Potential Duplication of Governance and Reporting
Standards for Charities (RIA) states that the ACNC
Commissioner has approved a draft outline of what entities must
include in their AIS for 2012-13. The RIA suggests that no
financial information will be required for this transitional
The AIS for following years is likely to require more detailed
information than the transitional AIS in addition to some basic
financial information for small entities and is likely to be
released for consultation later this week.
The 2012-2013 transitional AIS is likely to require that
entities provide information regarding:
The details of the charity
Postal and email address
Qualification as a basic religious charity
Activities and beneficiaries
The entity will be required to detail their activities in the
financial year and whom these activities benefited (i.e. who they
helped). They will also be required to include how their charitable
purposes were pursued and if there are any planned changes to the
way charitable purposes will be pursued in the future.
Resources and operating locations
Entities will be required to provide details of employees and
volunteers (headcount) and the number of volunteer hours. They must
additionally outline the charity's activities in States and/or
Territories and, if applicable, the charity's activities
Reporting and regulatory obligations –
(all of the questions in this section are optional)
Details of reporting obligations to Australian government
Reporting obligations to State and/or Territory
Time spent completing reporting obligations
The ACNC Commissioner may approve different forms for different
entities, for example according to size.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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