News and Media

CBB the not4profit people in the Media

• Submission responding to the NFP Sector Tax Concession Working Group (Word 62kb) 14/01/2013
• More satisfaction for lower salary (PDF 250kb) The Adelaide Advertiser 19/10/2012
• Interview with CBB Community Consulting General Manager - Wayne Turner Radio Adelaide 16/10/2012

CBB eNews

• CBB eNews ~ Edition 8 ~ April 2013
• CBB eNews ~ Edition 7 ~ March 2013
• CBB eNews ~ Edition 6 ~ February 2013
• CBB eNews ~ Edition 5 ~ January 2013
• CBB eNews ~ Edition 4 ~ November 2012
• CBB eNews ~ Edition 3 ~ October 2012
• CBB eNews ~ Edition 2 ~ September 2012
• CBB eNews ~ Edition 1 ~ July 2012
  

Events

• Please click here to view all the upcoming CBB Events

Latest News

NFP Reform as at 8 May 2013 - Minter Ellison www.minterellison.com

New National NFP regulator (ACNC)

• Australian Charities and Not-for-profits Commission Act 2012 assented to on 3 December 2012, as Act No.168 of 2012. The Australian Charities and Not-for-profits Commission Regulation 2013, which sets out details of what will appear on the ACNC register, was also registered on 5 March 2013.
• Non-financial reporting will start on 1 July 2013, with respect to the 2012/13 financial year, (with the first information statements due by 31 December 2013, or 30 June 2014 if an SAP applies). A draft Annual Information Statement (AIS) and guide was released by the ACNC on 13 March 2013.
• Financial reporting (medium and large entities only) will start from 1 July 2014, with respect to the 2013/14 financial year (with the first financial reports due by 31 December 2014, or 30 June 2015 if an SAP applies).  Draft Regulations were issued on 17 December 2012 for consultation.
• The new governance regulations were 'made' on 1 March 2013, but have not yet passed all stages of the Parliamentary scrutiny process. Once finalised, they include five key governance standards which will apply from 1 July 2013 (subject to transitional relief).

'In Australia' and other special conditions

• Tax Laws Amendment (Special Conditions for Not-for-profit Concessions) Bill 2012 introduced on 23 August 2012, but has not yet passed the HOR, and it is unclear when it will come back on for further debate.
• Will eventually apply from Assent.

Statutory definition of 'charity'

• Exposure draft legislation released on 8 April 2013
• Statutory definition to apply from 1 January 2014.

Unrelated commercial activities (UCAs)

Has been announced that the proposed rules will now only apply as follows:

• UCAs commenced after 7.30pm (AEST) on 10 May 2011 – from 1 July 2014;
• UCAs commenced before 7.30pm (AEST) on 10 May 2011 – from 1 July 2015.

No exposure draft legislation as yet.

Not-For-Profit Sector Tax Concession Working Group

• Membership and terms of reference announced on 12 February 2012
• Discussion Paper released on 2 November 2012.

COAG NFP Reform Working Group

• Formation and terms of reference announced on 13 April 2012. Will examine overlap between Federal and State laws and make recommendations to COAG for future reform.
• SA Government announced some 'harmonisation' amendments, as regards reporting and charitable collections, on 11 October 2012.
• COAG released a document entitled ‘Regulatory Impact Assessment of Potential Duplication of Governance and Reporting Standards for Charities’ (RIA) on 25 January 2013, for consultation.
• ACT Government announced changes to its associations and charitable collections laws on 11 March 2013.

Further initiatives

• A Consultation Paper on the regulation of fundraising was released on 12 February 2012.  No start date has been nominated at this stage.
• Assistant Treasurer announced on 18 October 2012 that the Government would develop a 'Consultation Code', which will be a practical guide to effective ongoing consultation within the NFP sector.
• The new Commonwealth Grant Guidelines issued in March 2013 contain provisions intended to support the 'report-once, use-often' reporting framework for entities registered with the ACNC.
• The Government introduced the Not-for-profit Sector Freedom to Advocate Bill on 13 March 2013.
• Consultation paper on Companies Limited by Guarantee expected in 2013.
• AASB expected to issue Exposure Draft relating to a new approach to when the income of NFPs should be booked.

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