ACNC streamlines reporting

The Australian Charities and Not-for-profits Commission (ACNC) announced that non-government schools will not have lodge any financial information for the 2014 and 2015 reporting periods.

The ACNC will instead extract the relevant data from Department of Education and Training’s financial questionnaires.

Announcing the move, ACNC commissioner Susan Pascoe AM FAICD, said although this arrangement currently applies to the 2014 and 2015 reporting periods, the ACNC intends to pursue longer-term arrangements.

“As commissioner, I intend to seek amendment to the ACNC regulation to extend the transitional period to continue this arrangement while we work towards a long-term streamlined reporting solution for this highly regulated sector,” she said.

Currently, non-government schools benefit from transitional arrangements allowing the ACNC to accept the financial reports they already provide to the Department of Education and Training. However, the latest announcement means this arrangement will extend to non-government schools not being required to complete the financial questions in the 2014 and 2015 annual information statements.

“The ACNC is committed to streamlining reporting processes for non-government schools,” Pascoe added. “One of the objects of the ACNC Act is to contribute to the reduction of unnecessary regulatory obligations on the sector.”

Pascoe added that the announcement was reflective of the ACNC’s approach to red tape reduction, which she outlined as two-fold: “minimising our own regulatory requirements to those necessary to promote public trust and confidence in the sector and to support a robust and innovative sector; and working with other agencies to reduce unnecessary or duplicative administrative requirements imposed on the sector under the principle of ‘report once, use often’,” she said.