This month’s NFP newsletter tackles on updates under Governance, AI, Cyber Security, Compliance, Financial Reporting, Sustainability Reporting, ACNC Activities and NDIS
Governance – Critical insights into financial management
The latest Not for profit Leader’s Report on Financial Management by HLB Mann Judd Sydney provides leaders with industry findings, insights, and best-practice solutions to help organisations achieve long-term sustainability.
AI – More guidance needed on AI
Australian businesses need more guidance in adopting safe and responsible artificial-intelligence practices, a new report finds.
Cyber Security – Data breaches highest since 2020
New statistics from the Office of the Australian Information Commissioner show that data breaches notified to the regulator in the first half of 2024 were the highest in three-and-a-half years.
Compliance – Sham contracts exploited workers with disabilities
The Fair Work Ombudsman has secured $197,000 in court-ordered penalties against a Sydney health-and-wellness research company for contraventions, including sham contracting involving workers with disabilities.
Financial Reporting – AASB issues annual-improvements standard
The Australian Accounting Standards Board has issued AASB 2024-3 Amendments to Australian Accounting Standards – Annual Improvements Volume 11.
Sustainability Reporting – AASB S1 sustainability disclosure is voluntary
The AASB has published a voluntary AASB S1 General Requirements for Disclosure of Sustainability-related Financial Information and mandatory AASB S2 Climate-related Disclosures.
ACNC Activities – Applying external-conduct standards
More than 6 per cent of Australian charities operate overseas in the Philippines, Indonesia, Kenya, Papua New Guinea, and India, the five most-preferred countries.
NDIS – Jail time for NDIS rorters
Two men and a woman have been jailed in New South Wales for their roles in a multi-million-dollar defrauding of the National Disability Insurance Scheme.
And more…!