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.