In April 2015 the Australian Charities and Not-for-profits Commission (ACNC) announced changes to non-government schools reporting procedures. They will not have to directly provide any financial information to the ACNC for the 2014 and 2015 reporting period in addition to DET reports.
As a requirement under the Australian Education Act 2013 (Cth), non-government school must submit annual financial questionnaires to the Department of Education and training (DET).
The ACNC commissioner, Susan Pascoe AM, has agreed to accept these questionnaires to meet the financial reporting requirements as a means of removing unnecessary and ‘duplicate administrative requirements’ to effectively ‘streamline’ the current approach.
To assist schools with these changes, the ACNC have released guidance to ensure all non-government school are able to comply with the transitional reporting arrangements.
Will this apply to your school?
The transitional reporting arrangement will not apply to:
- funds or organisations associated with non-government school who are registered separately with the ACNC, have their own ABN and do not lodge separate financial questionnaires with the DET; and
- Representative entities with organisations not related to primary or secondary education such as churches, community centres and day care centres.
Such entities will still be required to fill out the financial information on their Annual Information Statement.
How can I participate?
You can view the whole ACNC guidance article here.
For more information regarding non-government schools reporting procedures
If you are unsure about any of these guidelines or requirements coming into the 2014 and 2015 reporting period, please do not hesitate to contact our Business Development Team on (07) 3252 0011 to set up an appointment or teleconference with one of our experienced school lawyers. For further reading please visit our online resource centre.
 ACNC Media Release 17 April 2015 http://www.acnc.gov.au/ACNC/Comms/Med_R/MR_122.aspx
 ACNC Media Release 20 May 2015 https://www.acnc.gov.au/ACNC/Comms/Med_R/MR_128.aspx