The Australian Charities and Not-for-Profits Commission
(ACNC) has just announced that the reporting
deadline for the Annual Information Statement
(AIS) due on 31 December 2013 for many charities
has been extended to 31 March 2014.
Regardless of size or purpose all charities registered with the
ACNC must submit an AIS to the Commissioner each year. The first
AIS will need to be completed for the 2012-2013 financial year.
However, in some circumstances, charities may not report in
accordance with the financial year. If this is the case, the
charity will need to apply to the ACNC for a 'substituted
accounting period' by submitting
The ACNC will approve an application for a substituted
accounting period when the charity can show a genuine need for a
different reporting period. For example, if your charity has:
a history of reporting on the calendar year;
activities that align to a different reporting period; or
access to reduced accounting or auditing rates during a
different reporting period.
The ACNC Commissioner, Susan Pascoe, notes that "the
approach takes into account that this is the first time many
charities have needed to report to the ACNC, that there may be some
charities who are not aware of their obligations and, that the ACNC
Act does not allow me to delay the issuing of administrative
penalties for late lodgement".
The AIS can be submitted through the
ACNC Charity Portal which was launched earlier in November. For
more information about the Charity Portal please take a look at our
In early December, the ACNC will be contacting registered
charities with information on the ACNC Charity Portal (including a
quick guide to using the Portal) and as a reminder to complete the
2013 Annual Information Statement.
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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