If your charity uses a standard reporting period of 1 July to 30
June, you have until 31 January 2015 to submit your 2014 Annual
Information Statement (AIS). ACNC have allowed a grace period of an
additional month for this deadline, which under the ACNC Act
otherwise fell due on 31 December, 2014.
For charities with a substituted accounting period, the AIS is due
within 6 months of the end of the substituted accounting
period.
For medium (turnover $250,000 or greater) or large (turnover $1m or greater) charities, 2014 Annual Financial Statements are also due before 31 January, 2015.
ACNC has advertised broadly to locate many "lost charities" which have not filed and have not responded to communications to their last known address. In the period from 1 July 2014 to 31 December 2014 the Commissioner was prompting charities to lodge. Now, deregistrations will begin to occur and all tax concessions will cease notwithstanding the delay on the Australian Business Register for accurate updating of that status.
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.
