Extension of Charity Transitional Reporting

The government has released draft regulations proposing to extend the reporting exemption for certain charities and not-for-profit organisations until the 2029 financial year.

Under the Australian Charities and Not-for-profits Commission Act 2012, some entities must report annually to the Australian Charities and Not-for-profits Commission (ACNC). However, existing transitional regulations allow certain charities to meet this requirement by submitting relevant documents to other government agencies instead.

The current exemption, set under the 2016 transitional regulations, was due to end in 2024. If the proposed changes are implemented, eligible organisations will continue to benefit from this exemption until 2029.

For advice on how this may impact your charity or not-for-profit organisation, please contact Simmons Livingstone for further assistance at 1800 618 800 or via email admin@simmonslivingstone.com.au.