Changes to P&C reporting requirements
New legislation that aims to reduce 'Red Tape' for small Incorporated Associations, like P&Cs, has just been passed. At the moment, the changes only affect P&Cs which are registered with the Australian Charities and Not-for-profit Commission (see this FAQ
for more information). These P&Cs will no longer be required to provide an Annual Return (the AR form)
each year to the Office of Regulatory Services (ORS, now under the umbrella of Access Canberra). Only the ACNC's Annual Information Statement, completed via their online portal
, will be required. P&Cs will also no longer need to notify the ORS of changes to the committee, except for changes to the Public Officer, which still need to be notified to ORS. Changes take effect from July 1 this year and do
apply to the current financial year.
Council is currently updating our resources to reflect these changes and preparing advice for P&Cs, including the pros and cons of becoming registered with the ACNC for P&Cs who currently do not have charity registration.