Transitional Financial Reporting Arrangements for
Non-Government Schools
At the Governance Symposium held by the Association of Independent Schools of New South Wales (AISNSW) last week, the ACNC Commissioner announced that, for the transitional period, the financial data submitted by schools to the Department of Education and Training will be accepted as meeting the school's ACNC financial reporting requirements.
This removes the requirement for non-government schools to complete the financial questions of their 2014 and 2015 Annual Information Statements or to submit a financial report to the ACNC.
The ACNC has indicated that it will work towards reducing duplication and streamlining reporting processes for non-government schools beyond this transitional period.
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