Review

ACNC Compliance grace period to end...

Lifting the ability for the ACNC to properly regulate the sector will require all charities and not-for-profits to lift their governance and compliance activities. The Impact Suite’s Social Impact Rating is a great way to check how your charity is performing and identify areas of improvement.

The charity and not-for-profit sector is governed by national and state based regulators, each of whom have their own compliance requirements. With any decentralised system comes variance which creates challenges particularly for larger charities who operate in multiple jurisdictions. Part two of our series provides more details of the regulatory change expected in the not-for-profit sector.

There is no doubt the Australian bushfires followed by the Coronavirus pandemic have drawn a light on the sector. Trust and transparency wereat the forefront of discussions in the news and on social media. As a result, there are high expectations placed on the sector to be accountable and transparent.