Tasmanian Government amends duplicate reporting for stations registered as charities

The Tasmanian Government has passed a bill the amends duplicate reporting requirements for Incorporated Associations in the State that are registered as charities.

The Associations Incorporation Amendment Bill 2016 will result in significant red tape reduction for ACNC registered charities, which will no longer be required to provide duplicative reporting to their state regulator.

The amendment also impacts the threshold for a “small” charity in Tasmania, meaning that approximately 3,000 registered charities with annual revenue of less than $250,000 will no longer be required to have their accounts audited.

The legislation is scheduled to come into effect on 1 October 2016.

The Tasmanian Government has posted a helpful fact sheet detailing how this will affect registered charities.

Tasmania joins South Austraila with this change.