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

In Issue 41 we address financial & sustainability reporting updates, ACNC activity, Aged Care & NDIS-related activity, plus more.  

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A summary of the key points:

NFP reporting updates

  • ASIC financial reporting focus areas
    The Australian Securities & investments Commission has published its audit and financial reporting focus areas for FY 2025-26 and highlighted the progress of its surveillance programs.

Sustainability Reporting

  • Guidance on disclosures about transition plans
    The International Financial Reporting Standards (IFRS) Foundation has published Disclosing information about an entity’s climate-related transition, including information about transition plans, in accordance with IFRS S2 as part of its commitment to supporting the implementation of IFRS sustainability disclosure standards.

Wages Underpayment

  • Griffith University underpays staff by $8.3m
    Griffith University will pay 5457 underpaid staff more than $8.34 million, including interest and superannuation, for work performed between July 2015 and June 2024 as part of an enforceable undertaking with the Fair Work Office (FWO).

Laws & Regulations

  • NSW Community Services Long Service Scheme commences
    The NSW Government has introduced a Community Services Industry Portable Long Service Leave Scheme, effective on 1 July 2025.

ACNC

  • Cyber threats are real
    The Australian Charities and Not-for-profits Commission has released key findings of a review into cybersecurity and its associated risks for charities.

Ethics

  • APESB issues code amendments
    The Accounting Professional & Ethical Standards (APES) Board Ltd has issued a new ‘compiled’ code for APES 110 Code of Ethics for Professional Accountants (including Independence Standards).

Aged Care & NDIS

  • ACNC probes Canberra college
    The Australian Charities and Not for profits Commission is investigating concerns about Brindabella Christian Education Ltd, a charity operating Brindabella Christian College in Canberra.
  • Former NDIS providers jailed
    Two former NDIS Sydney providers have been jailed for offences involving $1.2 million in fraudulent claims, including for services never provided.