Each charity registered under the Australian Charities and Not-for-profits Commission (ACNC) is required to provide an Annual Information Statement (AIS) to the ACNC and upload their financial statements on the public register unless it has a specific exemption.

The ACNC has transitional reporting arrangements in place with the Office of the Registrar of Indigenous Corporations (ORIC), The Department of Education (DoE) and cooperatives in each state and territory.

These arrangements provide different exemptions for these charities that provide financial information to these regulators. These arrangements under the Australian Charities and Not-for-profits Commission (Consequential and Transitional) Regulation 2016 are due to expire in 2024.

In the 2024-25 Federal Budget, the Government announced it will “remake the Australian Charities and Not-for-profits Commission (Consequential and Transitional) Regulation 2016 with an extension of the current charity transitional reporting arrangement for five years.”

This will allow Non-Government Schools, Indigenous Corporations and co-ops to continue to submit financial statements to their relevant regulatory body and the ACNC will gather the information they require from them.

The federal government have released an exposure draft in December 2024 – Australian Charities and Not‑for‑profits Commission (Consequential and Transitional) Regulations 2025 that extends the transitional reporting arrangement for charities to 2028–29.

They have invited feedback from interested parties on the draft and responses can be submitted to this consultation up until 14 January 2025.

The ACNC website has guidance about transitional reporting arrangements.

For information on the transitional arrangements, please reach out to Matt Crouch or David Mitchell.