The Australian Charities and Not-for-profits Commission (ACNC) Governance Standards require registered charities to remain charitable, operate lawfully, and be run in an accountable and responsible way. For registered charities, complying with the Governance Standards not only ensures charity registration with the ACNC, but also continued Commonwealth charity tax concessions. In recent months, two major changes […]
Insights Sectors: Not-for-profit
May 14, 2018
INSIGHT: Charities Unclear and Uncertain about Disclosure of Political Donations and Expenditure
Important changes to funding and disclosure laws which apply to charities are on the horizon under proposed changes to Commonwealth Electoral Act 1918 (‘Electoral Act’). Non-party Political Actors Under the Electoral Legislation Amendment (Electoral Funding and Disclosure Reform) Bill 2017 (‘the Bill’) which was introduced into Commonwealth Parliament late last year, a new regulatory regime […]
Jul 29, 2017
INSIGHT: Choosing the right not-for-profit structure
The term ‘not-for-profit’ describes a range of organisations that are bound together by a purpose to achieve a public, social or community outcome, not for the profit or gain (either direct or indirect) of its individual members. Legal structure The term ‘not-for-profit’ does not indicate any specific type of legal structure and there are a […]