Over 100 charities at risk of double defaulting
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Over 100 charities are at risk of double defaulting, for twice failing to submit their Annual Information Statements to the national charity regulator.
The Australian Charities and Not-for-profits Commission (ACNC) Commissioner, Susan Pascoe, said that these charities have 28 days to avoid revocation.
“Registered charities are required to submit an Annual Information Statement to the ACNC each year,” Pascoe said.
“The great majority of charities do the right thing and submit their reports yearly, meaning the community has up-to-date information accessible on the ACNC Charity Register
“Unfortunately, the charities listed are at risk of ‘double defaulting’ and losing their charity status, after failing to submit two Annual Information Statements.”
The charities have until 24 June to submit their outstanding reports.
“If their charity status is revoked, these charities will lose access to generous Commonwealth charity tax concessions,” said Pascoe.
While trying to contact this group of potential double defaulter charities, the ACNC received returned mail notifications.
“One obligation of maintaining registration with the ACNC is notifying the ACNC of any changes, including changes to a charity’s address for service,” said the Commissioner.
“We often find that double defaulter charities have simply closed or wound up without notifying the ACNC.
“However, we want to offer those charities that are still operating every opportunity to maintain their registration with the ACNC.”
Menchie Khairuddin is a writer Deputy Content Manager at Akolade and content producer for Third Sector News. She is passionate about social affairs specifically in mixed, multicultural heritage and not-for-profit organisations.
