The ATO recently updated its guidance on how to treat super guarantee on leave loading for your employees. It is the ATO’s view that in some circumstances annual leave loading is considered a part of ordinary time earnings (OTE), which is used as a basis for employer super contributions. If you have previously self-assessed on the basis that your employees’…

READ MORE

A former charity boss who abused his position to steal hundreds of thousands of dollars from his employers will spend at least two years in an Adelaide prison. Michael Scott Lawson Clark, 40, stole more than $350,000 from youth and homeless charity SYC between January 2016 and November 2018 while serving as its executive. Adelaide District Court Judge Paul Muscat…

READ MORE

Australia’s new whistleblower protection legislation means many charities might need to change their approach to managing disclosures. But some of us also might need to change how we think about whistleblowing. Australia has just passed new whistleblower protection legislation, with significant implications for many Australian organisations. This has led to interesting conversations about how best to respond to the legislation,…

READ MORE

A diverse range of philanthropists and not-for-profit leaders have been recognised on the Queen’s Birthday 2019 Honours List, which includes a record number of women recipients. This year’s honours featured a number of household names including Kevin Rudd AC, Ita Buttrose AC, Hugh Jackman AC, Eric Bana AM, Jane Caro AM, Leigh Sales AM, Guy Sebastian AM and Carrie Bickmore…

READ MORE

ED 291 proposes amendments to the Standards to replace the existing definition of a not-for-profit entity with a substantive definition and add implementation guidance. The proposed definition has two interdependent parts: (1) the primary objective to provide goods or services for community or social benefit, and (2) the provision of any equity is to support that objective rather than for…

READ MORE

The governance of not-for-profits is undertaken by the board. The governance of an organisation is different to the everyday work of the organisation. Boards and committees make strategic decisions and management and staff/volunteers then action the governance. Decisions made by board and committees can include setting strategic directions, hiring staff, whether or not to take disciplinary action against a member,…

READ MORE

A group of 200 not-for-profit (NFP) organisations will participate in a franking credit refund pilot that aims to improve the process for lodgement and processing of applications for the 2018–19 financial year. Participants for this pilot have already been selected and will be notified in mid-June 2019. Participants in the pilot will automatically receive a refund of any franking credit…

READ MORE

Single Touch Payroll (STP) changes how you report your employees’ end of financial year (EOFY) information to your employees and the ATO. You no longer need to provide a payment summary to your employees for amounts reported and finalised through STP. You have until 31 July to finalise your employees’ EOFY payroll information through your STP-enabled software or your payroll…

READ MORE

Prime Minister Scott Morrison has announced his new Ministry. This cabinet reshuffle has seen most relevant Ministers related to the work of the not for profit sector change. The new Ministers are listed below: Assistant Minister for Finance, Charities and Electoral Matters Senator The Hon Zed Seselja (ACT based), retains the position post-election, however the title shifts from Assistant Minister…

READ MORE

Your new employees can access and complete the following onboarding forms through ATO online services: Tax file number declaration Superannuation (super) standard choice Withholding declaration Medicare levy variation declaration. To access these forms, your new employee will need a myGov account linked to the ATO. Once they have access they will need information from the employer, including the employer’s  ABN…

READ MORE