One of the obligations charities who are registered with the Australian Charities and Not-for-profits Commission (ACNC) must meet to keep their status is a ‘charity’ and retain charity tax concessions and benefits is to submit an Annual Information Statement.
This information is used to maintain and enhance public trust and confidence in the sector through increased accountability and transparency with key details submitted in the statement made available to the public through the ‘Search the Register ’ feature on https://www.acnc.gov.au/charity
The Annual Information Statement is due within six months of the end of a charity's reporting period and is submitted online through the ACNC Charity Portal. For those charities who operate on a standard financial year basis ie 1 July to 30 June the deadline for lodging the annual information statement is 31 December.
From the 2020 year onwards, the online form asks a range of questions about your charity's activities and programs, giving you the opportunity to showcase how these are working towards your charity’s aims and mission. You will also be required to provide information about the operation of your charity such as financial information – income, expenses and balance sheet, with the level of detail required for each of these dependent on your charity’s size as measured by its annual revenue.
🔹 Small - annual revenue of less than $250,000 🔹 Medium - annual revenue of $250,000 and $999,999 🔹 Large - annual revenue of $1 million or more
Further details on the Annual Information Statement requirements can be found at:
Contact HelloLedger if you need assistance with preparing and lodging your Annual Information Statement or accounting and bookkeeping for your organisation.