For Impact is HLB Mann Judd’s regular newsletter for the not for profit community.

In Issue 35 we address NFP governance updates, cyber security, ACNC, financial reporting, NDIS, aged care sector, fundraising and deductible gift recipients. 

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A summary of the key points:

NFP Governance Updates

  • Guidance on measuring social impacts
    Chartered Accountants Australia and New Zealand has published a guide to help accountants and governance adapt to ‘social-impact’ terminology, frameworks and models.
  • Internal-controls guidance
    CPA Australia has released Internal Controls for Not-for-profit Organisations, which urges NFP boards and officers to understand their financial responsibilities.

Cyber security

  • NFPs struggling with technology
    NFPs’ lack of technical skills meant that they were ill-equipped to respond to increasing service demands, Infoxchange’s 2023 Digital Technology in the Not-for-profit Sector has revealed.
  • St Vincent’s reports cyber attack
    St Vincent’s Health Australia has reported that cyber criminals had removed data from its network. It was working to determine what data had been removed.

Compliance

  • St Vincent’s businesses back-pay $4.4m
    Hospital and aged-care businesses operated by St Vincent’s Health Australia Ltd are back-paying staff in NSW and Queensland more than $4.4 million and have signed an enforceable undertaking with the FWO.

ACNC

  • Charities revoked
    In 2022–23, the ACNC revoked the charity registrations of seven organisations following investigations. A further twenty-three deductible-gift-recipient charities were also revoked.

Financial reporting

  • Directors must shoulder responsibility, says ASIC
    ASIC has emphasised that directors were primarily responsible for the quality of a financial report.

NDIS

  • NDIS Commission issues infringement notices
    The NDIS Quality and Safeguards Commission has issued a stern warning to more than 3000 registered providers that use ‘regulated restrictive practices’.

Aged care sector

  • AICD guidance on aged-care changes
    The Australian Institute of Company Director’s Governing for quality aged care – A director’s guide provides practical guidance to Australian directors to meet new governance obligations in aged care.

Fundraising & deductible gift recipients

  • ACNC reviews DGR-endorsed charities
    The ACNC has reviewed 480 DGR endorsed charities to ensure that they remain entitled to subtype and charity registration.