NFP Newsletter – Winter 2022

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

Minimum wage increases announced

The Fair Work Commission has reminded employers that new national minimum-wage increases announced before have come into effect.

Director ID deadlines loom

Directors of charities that are companies or Aboriginal and Torres Strait Islander corporations must apply for director identification numbers.

Home nursing company in court

The FWO has begun legal action against the operators of a business that provides home-nursing and care services at various Victorian locations.

Adhering to governance standards

The Australian Charities and Not-for-profits Commission governance standards is a set of core principles dealing with how a charity should be run. Charities must meet the standards to be registered and remain registered with the ACNC. The principles do not apply to basic religious charities.

Charity-sector insights

The latest Australian Charities Report details Australian charities’ contribution to the economy and communities. For the first time, the report has collected ‘program’ data, giving an insight into the work of the sector across 75,000 programs.

SD replaces RDR

The Australian Accounting Standards Board has developed a new simplified-disclosure standard to replace reduced-disclosure requirements.

Changes for Qld incorporated associations

Law changes are being introduced to reduce red tape and improve internal governance for Queensland’s 23,300 incorporated associations, including 3750 registered as charities.

Read on for more details.