For Impact is HLB Mann Judd’s regular newsletter for the not for profit community.
In Issue 43 we address financial reporting updates, ACNC activity, governance, fraud, NDIS & Aged Care
A summary of the key points:
Governance
- Most NFPs use AI
Infoxchange, an Australian NFP whose focus is technology for social justice, has reported that two-thirds of organisations it surveyed were using artificial intelligence.
Financial Reporting Insights
- ASIC’s ‘enduring’ financial reporting focus areas
The Australian Securities & Investments Commission has published ‘enduring’ audit and financial-reporting areas for FY 2025-26.
Ethics
- Ethical use of AI in accounting
When using AI, members of accounting bodies must continue to meet ethical obligations under APES 110 Code of Ethics for Professional Accountants (including Independence Standards).
Fraud
- Canberra childcare director jailed
Former Canberra childcare director Emma Morton has been jailed for three years by the ACT Supreme Court for stealing more than $300,000 from the Weston Creek Children’s Centre where she worked for 20 years. The offences occurred between March 2020 and February 2021.
ACNC
- New laws to increase understanding of investigations
Parliament has passed Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Bill 2025 to amend Australian Charities and Not-for-profits Commission’s secrecy provisions.
NDIS
- Record penalty for NDIS supplier
The Federal Court has imposed a record $2.5 million penalty on Lifestyle Solutions (Aust) Pty Ltd for 96 contraventions of the NDIS Act.
Aged Care
- New Aged Care Act starts
The new Aged Care Act commenced on 1 November 2025, placing older Australians at the centre of care and aiming to deliver a safer and fairer system that supports a better quality of life.