Charities Commission Public Reporting

21 November 2011

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Charities Commission Public Reporting

The Australian Charities and Not-for-Profits Commission (ACNC) to commence operations from 1 July 2012 is expected to have a public information portal (web site) live from 1 July 2013 that will report a number of matters for Charities (no matter what type of legal structure is used).

Many unincorporated associations for example have never had to publicly report and the level of reporting required is going to take some significant resource allocation.

Reporting is likely to include:

sphere of operation
income and expenditure
financial history
contact details of the individuals managing the entity
governing documents (e.g. your constitution)
annual reports
trustees' reports
summary information returns.

Treasury website:

Not-for-profit: Newsletter - Issue 2 - 21/11/2011

http://www.treasury.gov.au/contentitem.asp?NavId=090&ContentID=2232

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