For Impact is HLB Mann Judd’s regular newsletter for the not for profit community.
In Issue 29 we address NFP governance updates, compliance, ACNC activities, financial reporting insights, and governments.
A summary of the key points:
NFP Governance Updates
- Governance on risk released
A new guide has been released by the Governance Institute of Australia outlining the importance of an integrated approach to risk management.
- Minimum wage increases announced
The Fair Work Commission is reminding employers that new national minimum-wage increases announced on 15 June have come into effect for 1 July 2022.
- Silver Chain underpaid workers more than $17 million
National community health and home care organisation Silver Chain Group Limited has back paid staff in Western Australia more than $17 million and entered into an enforceable undertaking with the Fair Work Ombudsman (FWO).
- Charities under the microscope
The ACNC has reviewed registered charities to ensure that their records are accurate and only eligible charities are listed.
- Charity sector insights
The latest Australian Charities Report details Australian charities’ contribution to the economy and communities.
Financial Reporting Insights
- 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.