Charity Reporting Obligations

Charity Reporting Obligations

This is a “back to basics” guide for reporting obligations of Australian charities.

Charities have an ongoing obligation to report each reporting period. Charities report by submitting an Annual Information Statement (AIS) and an annual financial report (if medium or large in size).

The size of a charity is based on its total annual revenue for the period upon which it is reporting:

* Small charities have annual revenue under $250,000
* Medium charities have annual revenue over $250,000 but under $1 million
* Large charities have annual revenue of $1 million or more.

Small Charities
Small charities must submit an Annual Information Statement to the ACNC. They have the option to submit a financial report too.

Medium Charities
Medium charities need to submit an Annual Information Statement to the ACNC. They are also required to submit a financial report that is either reviewed or audited. They can submit either a special purpose financial statement or a general purpose financial statement.

Large Charities
Large charities must submit an Annual Information Statement to the ACNC. They are also required to submit a financial report that is audited. They can submit either a special purpose financial statement or a general purpose financial statement

All Charities
Apart from financial reporting obligations, charities are required to report the following changes to the ACNC within 28 days (for medium and large charities) or 60 days (for small charities):

* Changes to charity details
* Changes to governing documents
* Changes to “Responsible Person”
* Closure of a charity
* Breaches of an Act or Governance Standard

Please note that ACNC reporting obligations are in addition to any other obligations your charity has under other laws or to other regulators. For example:

* If your charity is a company, you may be obliged to report some matter to ASIC.
* If your charity is an ORIC-registered Indigenous corporation, you may need to notify ORIC of changes to your corporation.
* If your charity is an incorporated association you may need to notify your state or territory regulator for incorporated associations (such as a fair trading or consumer affairs agency).