In the last few months, we have received a few enquiries from MI members with the following concern and decided to address it.
As ACNC registered organisation have tried to sort out bank old bank accounts or reassign signatories, it has become very apparent that there is a gaping hole in the ACNC and ASIC understanding by some Banks. In some cases, ASIC has confirmed that while charities are NOT obligated to keep ASIC records up-to-date and aligned to ACNC, it is advisable to do so to alleviate issues with banks and corporate service providers. While ASIC records can be updated online, only a director or secretary of the board can effect such changes, with use of a Corporate Key. And only a registered director on the ASIC platform can apply for the corporate Key. When an organisation cannot reach some names on the ASIC register any longer, it creates complications and operational delays.
Because it became a hurdle and not a just one-off case of misunderstanding, we have spoken to ACNC if they could enact some sort of information to the Banks and ASIC.
Today ACNC has informed us, they are launching a project to combine ACNC and ASIC information on some platform that will reflect ACNC data on ASIC search, but the project will take few months to realise.
Meanwhile, they have provided a formal explanatory letter that you can use if a similar conversation arises.
Feel free to download it here
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A series of guides for local churches that includes Caring for Missionaries Settling in Australia (Re-Entry), Recognising and Encouraging Potential Missionaries, Setting a World Mission Budget and more, click here.
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Ideas for Developing Mission Vision is an 11 page PDF (download here), published by the Joshua Project, that is full of ideas, websites, training opportunities and other resources to help individuals and churches develop a vision for cross-cultural mission.
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A guidance manual and toolkit for churches and Christian organisations.
Protecting Children in Short-term Missions is an excellent resource that explores Biblical principles, best practice concepts, and cross-cultural theories as they apply to engaging with children during short-term mission trips.
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Proposed reforms to the Deductible Gift Recipient Scheme
In June 2017, the Australian government released a consultation paper,and invited submissions, regarding possible reforms to the DGR scheme.
A commentary on the Treasury DGR Discussion Paper can be found here, and a resource paper highlighting shared positions can be found here.
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The Child Protection Toolkit is designed to be used by boards and managers of any not-for-profit organisation that works with children and includes legal overview, practical information including a checklist and how to respond to a report, and an outline of child protection schemes and obligations in each Australian state.
Link: https://missionsinterlink.org.au/child-protection-toolkit/
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2017 Missionary Tax Guide
A new 2017 edition of the Missionary Tax Guide, produced by the Australian Not For Profit Accountants Network Inc., has been released and is available for purchase from Missions Interlink as an e-resource. For more information, click here.
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Managing Charity Money
This guide from the ACNC provides insights into good practices of financial management and includes practical steps that can be taken to ensure finances are used appropriately and protected from misuse. It can be downloaded here.
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Managing Conflicts of Interest
The ACNC has produced a guide to help charity board members manage any conflicts of interest. It can be downloaded here.
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Tax Law for NFPs explained
Our Community has made available an online outline of Australian tax law and legal structures to provide a simple, general explanation and guide for Australian NFPs. It includes some helpful diagrams. Click here to access the page.
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