NFP Newsletter – Summer 2023

This month’s NFP newsletter tackles on updates under Governance, ACNC Activities, Financial Reporting Insights, Compliance, Fraud, and Governments.

Governance – Digital skills need boosting

Infoxchange’s Technology in the Not-for-Profit Sector provides a comprehensive overview of how the sector has used technology over the past 12 months.

Compliance – RSL LifeCare backpays millions

Aged and veteran-services organisation RSL LifeCare Ltd has back-paid staff in NSW and the ACT more than $5.25 million and entered into an enforceable undertaking with the Fair Work Ombudsman

ACNC Activities – Consider crypto-assets risks

Australian Charities and Not-for-profits Commission boss Sue Woodward has urged charities to consider fully the risks and benefits of accepting donations of crypto-assets and investing in them.

Financial Reporting Insights – ASIC highlights key reporting areas

The Australian Securities & Investments Commission is urging directors, report preparers, and auditors to assess whether financial reports provide useful and meaningful information. The commission has highlighted key areas for companies to get right for the 31 December year-end.

Deductible Gift Recipients – Losing deductible-gift-recipient status

Time is running out to avoid losing deductible-gift-recipient status. Most non-government DGR organisations needed to be registered as charities before 14 December or they risked losing DGR status.

Governments – ROC to be abolished

From no later than 6 June, the Registered Organisations Commissioner’s regulatory powers and functions will transfer to the general manager of the Fair Work Ombudsman. ROC will be abolished.

And more…!

Click here for the newsletter