The ACNC has recently announced that it will move to deregister almost 90 charities for failing to submit their Annual Information Statements for two years (“double defaulters”). As a result, these charities will lose their Commonwealth tax concessions.
The ACNC has been warning for some time that it is getting tough on charities that fail to lodge as requested, and after writing to double defaulters and not getting a response, it has taken action. While the ACNC generally takes a co-operative approach in its dealings with Charities, it has over time migrated towards enforcing the legal obligations applying to charities, in accordance with its role as the industry regulator. Our firm helps a large number of charities ensure they meet their obligations. How can we help you?