5 500 charities lose registration

Close to 5 500 double defaulter charities from across Australia have now lost their registration with the Australian Charities and Not-for-profits Commission (ACNC) for failing to complete their reporting for two consecutive years. ACNC Commissioner, Susan Pascoe AM, explained that after exhaustive inquiries the ACNC presumed many of these were inactive. “We believe that many of…

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Insolvency issues for directors of not-for-profit companies

The recent liquidation of a large college in Victoria which displaced over 1200 students, is a reminder to directors of not for profit (NFP) organisations of their duties. Even though directors in this sector are sometimes ‘well meaning amateurs,’ they play an important function and carry the burdens and responsibilities that accompany the office of…

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