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Increasing harmonised financial reporting thresholds for ACNC registered charities

This consultation process has now been completed. Submissions available
Date
-
Consultation Type
Consultation Paper

Key Documents

The Council on Federal Financial Relations CFFR has asked that a framework for increasing harmonised financial reporting thresholds for charities registered with the Australian Charities and Not-for-profits Commission (ACNC) be announced by 30 June 2021. State, Territory and Commonwealth government officials, as the Thresholds Working Group, were tasked with developing this framework.

As part of developing the framework, the Thresholds Working Group is seeking the views of stakeholders on the issues associated with increasing financial reporting thresholds. 

To facilitate this, the consultation paper provides a snapshot of the current regulatory arrangements, outlines the proposed new reporting thresholds and sets out the key issues for consideration during the consultation.  This information will assist the reader in considering whether the proposed increase in reporting thresholds appropriately balance a reduction in the regulatory burden whilst maintaining suitable transparency of an entity‚Äôs operations and finances.

Submissions

18 submissions were received for this consultation, including 1 confidential submission.

AUSTRALIAN ACCOUNTING STANDARDS BOARD - PDF 131.12 KB

AUSTRALIAN ACCOUNTING STANDARDS BOARD - DOCX 161.58 KB

AUSTRALIAN COUNCIL OF SOCIAL SERVICE - PDF 175.32 KB

AUSTRALIAN COUNCIL OF SOCIAL SERVICE - DOCX 127.64 KB

AUSTRALIAN INSTITUTE OF COMPANY DIRECTORS - PDF 73.33 KB

AUSTRALIAN INSTITUTE OF COMPANY DIRECTORS - DOCX 2.66 MB

CHARTERED ACCOUNTANTS AUSTRALIA AND NEW ZEALAND - PDF 208.89 KB

CHARTERED ACCOUNTANTS AUSTRALIA AND NEW ZEALAND - DOCX 116.88 KB

COMMUNITY RADIO BROADCASTING ASSOCIATION - PDF 126.34 KB

COMMUNITY RADIO BROADCASTING ASSOCIATION - DOCX 649.21 KB

FRIENDS OF THE GOLD COAST REGIONAL BOTANIC GARDENS - PDF 111.19 KB

FRIENDS OF THE GOLD COAST REGIONAL BOTANIC GARDENS - DOCX 39.97 KB

FUNDRAISING INSTITUTE AUSTRALIA - PDF 135.34 KB

FUNDRAISING INSTITUTE AUSTRALIA - DOCX 52.68 KB

GOVERNANCE INSTITUTE OF AUSTRALIA - PDF 103.03 KB

GOVERNANCE INSTITUTE OF AUSTRALIA - DOCX 138.27 KB

INSTITUTE OF PUBLIC ACCOUNTANTS - PDF 231.53 KB

INSTITUTE OF PUBLIC ACCOUNTANTS - DOCX 90.88 KB

JUSTICE CONNECT - PDF 211.93 KB

JUSTICE CONNECT - DOCX 103.28 KB

KPMG - PDF 37.75 KB

KPMG - DOCX 39.3 KB

MCCARTHY SALKELD - PDF 123.5 KB

MCCARTHY SALKELD - DOCX 35.51 KB

MELBOURNE CHAMBER ORCHESTRA - PDF 107.46 KB

MELBOURNE CHAMBER ORCHESTRA - DOCX 18.39 KB

NATIONAL ASSOCIATION FOR THE VISUAL ARTS - PDF 418.82 KB

NATIONAL ASSOCIATION FOR THE VISUAL ARTS - DOCX 815.91 KB

PITCHER PARTNERS - PDF 584.49 KB

PITCHER PARTNERS - DOCX 696.84 KB

PRICEWATERHOUSECOOPERS - PDF 179 KB

PROFESSOR GILCHRIST, DAVID - PDF 160.79 KB

Submissions

32 submissions were received for this consultation, including 1 confidential submission.