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Consultation to modernise document execution across Federation

Consultation to modernise document execution across Federation
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Cutting red tape for charities

Australian Treasury
The Coalition Government will cut red tape for thousands of Australian charities, with financial reporting obligations to be eased from the upcoming financial year.
Under reforms agreed to by the Council on Federal Financial Relations, financial reporting thresholds for small and medium charities registered with the Australian Charities and Not‑for‑profits Commission (ACNC) will be lifted, allowing over 5,000 charities to redirect their resources to help vulnerable Australians.
The new ACNC financial reporting thresholds for small charities will increase to under $500,000 annual revenue. This will mean nearly 2,500 charities will no longer be required to produce reviewed financial statements, saving each charity around $2,400 in accounting expenses annually. ....

Council On Federal Financial Relations , Australian Charities , Coalition Government , Federal Financial Relations , சபை ஆன் கூட்டாட்சியின் நிதி உறவுகள் , ஆஸ்திரேலிய தொண்டு நிறுவனங்கள் , கூட்டணி அரசு , கூட்டாட்சியின் நிதி உறவுகள் ,

Easing regulatory burden on charities

Date Time
Easing regulatory burden on charities
Australian charities hit hard by the impacts of the COVID-19 pandemic will receive relief from burdensome financial reporting requirements under an agreement signed by all Federal, state and territory treasurers.
Inconsistent and outdated regulations across jurisdictions create an estimated regulatory burden of $13.3 million a year for the charitable fundraising sector. The recent Royal Commission into National Natural Disaster Arrangements highlighted the crucial role charities play in disaster recovery efforts, but noted the complexities of operating across jurisdictions with distinct regulatory schemes.
Charity financial reporting
The Council on Federal Financial Relations (CFFR) agreed to develop a framework by mid-2021 to lift the financial reporting thresholds to benefit over 5,000 small and medium charities, allowing those charities to redirect resources to help vulnerable Australians. ....

Council On Federal Financial Relations , Australian Charities , National Natural Disaster Arrangements , Royal Commission , Commission Legislation , Federal Financial Relations , Not For Profits Commission Legislation Review , Morrison Government , சபை ஆன் கூட்டாட்சியின் நிதி உறவுகள் , ஆஸ்திரேலிய தொண்டு நிறுவனங்கள் , தேசிய இயற்கை பேரழிவு ஏற்பாடுகள் , அரச தரகு , தரகு சட்டம் , கூட்டாட்சியின் நிதி உறவுகள் , இல்லை க்கு ப்ராஃபிட்ஸ் தரகு சட்டம் விமர்சனம் , மோரிசன் அரசு ,

National Cabinet 11 December

National Cabinet 11 December
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