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Introduction For any Australian charity, preparing an annual financial report is a critical responsibility, forming a key part of its obligations to the Australian Charities and not-for-profits Commission (ACNC), a
Introduction For not-for-profit (NFP) organisations, understanding what operating as a not-for-profit organisation means is the first step to maintaining the financial compliance fundamental to ensuring transparency and upholding public trust.
Introduction Effective financial management is vital for the success and integrity of any charity. The duty of managing charity money responsibly rests with the organisation’s “Responsible Persons”—the board or committee
Introduction For any Australian charity with a membership base, ensuring accountability to members is a core requirement under the ACNC Governance Standards. Governance Standard 2 is specifically designed to ensure
Introduction For any not-for-profit (NFP) organisation, managing charity reserves is a vital component of good governance, playing a critical role in ensuring long-term financial stability and sustainability. Despite their importance,
Introduction For any Australian charity registered with the Australian Charities and Not-for-profits Commission (ACNC), comprehending ACNC Governance Standard 6 is crucial. This specific governance standard is intrinsically linked to the
Introduction The overhaul of the unfair contract terms (UCT) regime under the Australian Consumer Law 2010 (Cth) (ACL), effective from 9 November 2023, presents a new compliance landscape for NSW
Introduction Selecting the appropriate legal structure is a foundational step for any not-for-profit (NFP) organisation in Australia, profoundly impacting its governance, operational capacity, and long-term sustainability. With several different legal
Introduction For any charity or not-for-profit organisation, correctly distinguishing between volunteers and employees is a critical responsibility, yet the legal distinctions can often be complex. This understanding is fundamental for
Introduction Effectively managing conflicts of interest is fundamental for every charity’s board or committee to maintain integrity and adhere to governance standards set by the Australian Charities and Not-for-profits Commission
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Introduction In light of the increasing prevalence of data breaches and cyber threats, it is clear that Australian charities are vulnerable to attack. For any charity, which often handles sensitive
Introduction For any charity, effectively managing a conflict of interests is a critical component of good governance and is essential for maintaining public trust. These situations, where personal interests could
Introduction Charities often work with a wide range of individuals and organisations to fulfil their charitable purposes. These dealings, known as related party transactions, are a common and often necessary
Introduction Maintaining strong governance is crucial for any Australian charity or not-for-profit organisation. A key component of this is proactive risk management, a practice the Australian Charities and Not-for-profits Commission
Introduction With the establishment of mandatory climate reporting in Australia, many organisations are now complying to new disclosure obligations under the Corporations Act 2001 (Cth). However, for the not-for-profit sector,
Introduction Government grants are a vital source of income for many Australian charities and not-for-profits, providing essential funds to support their ongoing work. However, this form of charity fundraising is