From www.aicd.com.au: Charlotte Solomon, a solicitor and social justice advocate, describes her journey into not-for-profit governance as both organic and purposeful, with her board role at the Centre for Stories aligning with her commitment to advocacy and community support.… read more
From hlb.com.au: Leaders in the not-for-profit sector face challenges with financial viability and increasing demand for services while also addressing cybersecurity threats.
Organizations are prioritising AI integration for improved efficiency, with strategic planning for long-term stability.… read more
From gtlaw.com.au: April 2025 highlights include updates on DGR categories for environmental and cultural organizations, and insights from the ACNC on charity obligations and scam warnings.… read more
From gtlaw.com.au: New DGR endorsement regulations require environmental and cultural organisations to be registered as charities with the ACNC or be Australian government agencies by January 2024.… read more
From hlb.com.au: AASB 18 will significantly alter the income statement by enforcing a structured approach to the presentation of financial performance, enhancing consistency, comparability, and transparency across entities.… read more
From bdo.com.au: The update provides insights into the 2025 Fringe Benefits Tax amendments, the challenges faced by non-profit organizations due to FBT exemptions, franking credits, and effective investment management strategies for NFPs.… read more
From hlb.com.au: HLB Mann Judd’s latest publication discusses the need for entities to revise their income statements in light of the new AASB 18 standard, which replaces AASB 101 and alters financial performance reporting.… read more
From hlb.com.au: Many not-for-profit organisations are showing interest in sustainability practices despite not being mandated by new sustainability reporting regulations.
Integrating sustainability can help NFPs respond to donor expectations, attract talent, achieve cost savings, and enhance risk management.… read more
From hlb.com.au: Updates for the not-for-profit sector, including a new ATO checklist for governance, refreshed cyber security principles, and the consequences of underpaying wages.
Also ASIC’s focus areas for financial reports and ongoing concerns regarding compliance issues related to Hillsong charities.… read more
From www.aicd.com.au: The Australian Charities and Not-for-profits Commission conducted a review of safeguarding practices within the NFP sector.
The review revealed that while charities understand their obligations, many do not document them effectively, leading to inconsistency in mitigating risks.… read more
From bdo.com.au: BDO advocates for changes to the FBT law that would allow Non-profit organizations (NFPs) to benefit from tax exemptions on entertainment.
The proposal addresses the erosion of FBT exemption and the unchanged capping thresholds, while acknowledging the unique challenges and needs of NFPs.… read more
From www.pkf.com.au: PKF’s forensic data analytics assisted a global not-for-profit organization in addressing serious allegations of systemic bullying and sexual harassment.
By employing predictive modelling and data integration, the organization identified areas of concern and implemented targeted investigations, leading to corrective actions that improved workplace conditions and protected staff.… read more
From gtlaw.com.au: March’s social sector spotlight centers on the United Nations General Assembly’s recognition of International Day of Happiness and Australia’s community charities’ role in building thriving communities.… read more
From www.aicd.com.au: The Australian Institute of Company Directors has made a submission to the Australian Accounting Standards Board seeking simplification of the not-for-profit financial reporting framework, supporting the introduction of a simplified Tier 3 Standard.… read more