For Impact is HLB Mann Judd’s regular newsletter for the not for profit community.
In Issue 36 we address NFP governance updates, cyber security, ACNC activity, fraud, NDIS and work place laws.
A summary of the key points:
NFP Governance Updates
- NFP directors at tipping point
The Australian Institute of Company Directors’ Not-for-Profit Governance and Performance Study 2023-24 has revealed that increasing demands and higher expectations has propelled directors to a tipping point. - Good governance guide released
The Governance Institute has released a comprehensive governance guide that addresses the challenges faced by NFPs in today’s environment.
Cyber security
- Be wary about who handles personal information
The risk of outsourcing personal information handling to third parties is highlighted in Notifiable data breaches report July to December 2023 by the Office of the Australian Information Commissioner (OAIC). - ASD offers cyber security tips
Cyber threats are on the rise in Australia, the Australian Signals Directorate (ASD) receiving nearly 94,000 cybercrime reports in the 2022-23 financial year, a report every six minutes.
ACNC
- Simple checks to meet compliance obligations
Important checks ensure that charities meet their obligations, the ACNC says. Charities should be aware of their reporting obligations and when reporting is due.
Fraud
- Billions lost through fraud
To support organisations and anti-fraud professionals, the Association of Certified Fraud Examiners has released Occupational Fraud 2024: A Report to the Nations.
NDIS
- NDIS cracks down on overcharging
A new taskforce will crack down on unfair price hikes for National Disability Insurance Scheme (NDIS)participants.
Work place laws
- Know the new workplace laws
The Fair Work Ombudsman is encouraging employers to learn and comply with workplace law changes or risk facing new significantly higher penalties.