On 5 June 2018, the Victorian minister for consumer affairs, gaming and liquor regulation, the Hon. Marlene Kairouz MP, signed an exemption order that change the reporting requirements around 5,000 registered charities that are incorporated associations in Victoria.
Registered charities that are incorporated under the Victorian associations incorporation reform ACT 2012 with a financial year that ends on or after 30 June 2018 will:
- Only need to report to the ACNC, using the Annual Information Statement
- Not be required to pay an annual fee
All incorporated associations must continue to submit financial statements to members at annual general meetings.
What Does my Charity Need to do?
The ACNC 2018 Annual information statement is being updated to include extra questions to collect information on behalf of Consumers Affair Victoria.
For your charity to take advantage of the new streamlined reporting arrangements, it must answer all these additional questions.
The ACNC will then gather your responses to these new questions and pass them on to consumer affairs Victoria so your charity will not have to report separately to these bodies.
Note: If you chose not to answer these questions in the ACNC’s 2018 Annual information statement, you will need to submit and annual statement to consumer affairs.
To find our more information please visit the ACNC website here.