For Impact is HLB Mann Judd’s regular newsletter for the not for profit community.
In Issue 44 we address governance, financial reporting insights, sustainability, fraud, ACNC updates, wages underpayments, NDIS & Regulator updates.
A summary of the key points:
Governance
- Payday Super – what you need to know
Legislation to require employers to pay their employees’ super at the same time as their salaries and wages has passed parliament.
Financial Reporting Insights
- AASB issues new standard on uncertainties
The Australian Accounting Standards Board has released AASB 2026-1, adding examples to help entities disclose estimation uncertainties for asset recoverability and decommissioning liabilities.
Sustainability
- New ASIC modules support sustainability reporting understanding
ASIC has rolled out a suite of educational modules to help smaller companies understand the concepts underpinning Australia’s new sustainability reporting requirements.
Fraud
- Support for fraud-busters
The Association of Certified Fraud Examiners has teamed up with Statistical Analysis System to deliver the fourth edition of the Anti-Fraud Technology Benchmarking Report.
ACNC
- Cybersecurity – a growing challenge
Cybersecurity continues to be an issue for charities as reports of cyber-crime rise. Charities are often trusted with sensitive personal and financial information, making them attractive targets for cybercriminals.
Wages Underpayment
- Poor payroll compliance is entrenched
The Yellow Canary 2026 State of Payroll Compliance Report reveals that payroll non-compliance remains widespread in Australia, despite years of regulatory focus and public scrutiny.
NDIS & Regulators
- Tasmanian disability provider cops biggest fine
Oak Tasmania, a registered NDIS provider, has been handed a record $1.1 million penalty by the Federal Court for serious failures in participant safety and for not reporting hundreds of serious incidents within the required timeframes.