Australian Charities and Not-for-Profit Commission reporting requirements.
Financial reporting requirements | Current annual revenue threshold | Proposed annual revenue threshold |
---|---|---|
Annual Information Statement (AIS), basic financial information and option to provide simplified balance sheet or a statement of resources | Less than $250,000 | Less than $1 million |
AIS, and reviewed or audited financial statements | $250,000 to $1 million | $1 million to $5 million |
AIS and audited financial statements | $1 million or more | $5 million or more |