For Impact is HLB Mann Judd’s regular newsletter for the not for profit community.
In Issue 34 we address NFP governance updates, ACNC activities, NDIS, compliance, aged care sector and deductible gift recipients.
A summary of the key points:
NFP Governance Updates
- CPA’s guide for NFPs updated
CPA Australia’s Financial Management and Governance Guide for Not-for-Profit (NFP) Organisations aims to improve financial sustainability and good governance in the NFP sector.
- NFPs all at sea over cyber threats
One in five Australian charities and not-for-profits fears that a cyber-security attack would devastate their organisation, according to the Australian Nonprofits State of the Sector 2023 Report by the Charity Research Centre Australia.
- FWO recovers half a billion dollars for workers
The FWO has recovered $509 million in unpaid wages and entitlements for more than a quarter of a million workers in 2022-23. The sum is the second-largest annual figure in the regulator’s history.
- University faces court over record-keeping
The FWO has begun legal action against the University of New South Wales, alleging that it breached laws on record-keeping, pay slips, and the frequency of wage payments.
- Charities must disclose their related-party dealings
New questions in the recently launched 2023 AIS require charities to disclose their dealings with related parties.
- ACNC releases AIS findings
The ACNC has released findings from 250 annual information and financial statements submitted for the 2021 reporting period.
- Adelaide men accused of NDIS fraud
Two men accused of defrauding National Disability Insurance Scheme participants have been banned from delivering NDIS services and are facing court.
Aged care & Deductible Gift Recipients
- Feedback invited on aged care act
The Department of Health and Aged Care has released a consultation paper seeking feedback on the proposed foundations of a new Aged Care Act. Feedback will inform the final draft legislation, which will be released at the end of the year for public consultation.
- Four DGR categories transferred to the ATO
Four deductible-gift-recipient categories have been transferred from government departments to the Australian Taxation Office.