The introduction of the Australian Charities and Not-for-Profits
Commission (ACNC) and related legislation is the most significant
overhaul of the not-for-profit (NFP) sector since Federation. This,
along with funding reforms such as Disability Care Australia and
the National Plan for School Improvement, means that NFPs and in
particular charities have significant change to deal with.
The ACNC commenced on 3rd December 2012, with the financial,
governance and other reporting requirements taking effect from 1st
July 2013. Whilst there are many potential benefits, non-compliance
with the conditions can also have significant negative impacts
Loss of charity status.
Loss of tax concessions.
Loss of government funding.
In addition, the statutory definition of a Charity becomes
effective 1st January 2014.
What you need to do from the 1st of July
Understand the reform changes.
Understand how ACNC can affect you.
Beware of the risks.
Know how to take full advantage of the benefits.
Ensure you know what is required to be compliant.
Prepare the skills and resources to become compliant.
How we will help you
Our Readiness Review is the culmination of months of preparatory
work and provides a comprehensive approach to assessing the
potential exposure your organisation has to the ACNC. This includes
tax reforms, as well as financial reporting and governance
Members of the Moore Stephens Australia Not-for-Profit Industry
Group have extensive experience and expertise in providing
financial, governance and tax advice to not-for-profits. We have
followed the creation of the ACNC and the wider reforms very
closely and have made regular submissions on behalf of our NFP
clients to the various NFP related discussion papers and
legislation that have been released over the last few years.
With this deep understanding of the sector behind us, we have
developed a Not-for-Profit Readiness Review program which is
designed to assist NFPs to identify and manage risks that will
arise as a result of the ACNC and other NFP reforms.
The Readiness Review will equip NFPs affected by the recent
Insight into the depth and breadth of the reform changes,
including requirements, reporting changes and definitions.
Comprehensive understanding of what elements of the reforms
affect your organisation.
A tangible action plan of what elements need to be
Detailed knowledge of the statutory obligations and financial
The backing of Moore Stephens' team to show you how to
implement the required changes.
Readiness Review Process
Step 1: Engagement
Meet with your team to confirm the approach and prepare
engagement letter for signing.
Step 2: Research
Undertake appropriate searches including ABR, ACNC register and
ASIC for all relevant information and provide you with the initial
list of information required.
Step 3: Review
Meet with your team and conduct the review using the Readiness
Step 4: Report
Draft the Not-for-Profit Readiness Review Report and discuss
with your team.
Step 5: Finalisation
Finalise report with your team and meet with the board to
Coordination and Control
Overall coordination is the responsibility of your relationship
partner, who maintains an involvement throughout the Readiness
Review by monitoring progress and informing you of any unexpected
deviations from the planned timetable.
Through every step of the Not-for-Profit Reform Process
you'll be supported by a proven team of not-for-profit
specialists who will become your trusted business partner. We will
give you absolute peace of mind and the confidence to get back to
what you do best.
You will receive tailored, sector-specific support: we're
not-for-profit industry specialists with an unsurpassed level of
expertise to share.
Our track record is exemplary: you're in reliable,
trustworthy hands as we know what works and how to get the best
performance out of your NFP.
You will have access to a wealth of practical knowledge:
we've dealt with the challenges you face, first hand, and have
successfully helped many NFP clients deal with the new regulatory,
governance, compliance and accountability requirements.
You are supported by a strong national network of expertise:
regardless of your location.
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