Author name: ACS

What are the new requirements? The ACNC has announced new reporting requirements: charities must report on related party transactions in their Annual Information Statement from 2023 and onward. In general, related party transactions are transactions between persons that have a relationship with the charity. Who a related party is considered to be, and their specific

What is the new Act? The Treasury Laws Amendment (Refining and Improving Our Tax System) Act 2023 (Cth) has outlined many changes for Environmental Organisations in terms of their status as a charity. While most of the Act has recently come into force, the section pertaining to Environmental Organisations will only come into force on

There have been recent important changes to charity law regarding charity registration, with regards to the Treasury Laws Amendment (Refining and Improving our Tax System) Act 2023, and charity fundraising. What are the changes? The Treasury Laws Amendment (Refining and Improving our Tax System) Act 2023, which came into law on 28 June 2023, has

What are the current fundraising laws like? Currently, fundraising laws in Australia are different for each jurisdiction, and there are a multitude of regulations that charities must be compliant with to ensure that they can fundraise accordingly. These compliance requirements cost charities an exorbitant amount of money that could otherwise be directed towards their charitable