The Australian Taxation Office (ATO) has changed the reporting regime for Not-for-Profit (NFP) entities for the 2023-2024 financial which includes the need to prepare and lodge an annual NFP self-review return each year.

Amendment to the Queensland Building and Construction Commission (QBCC) Minimum Financial Requirements (MFR) Regulation has been announced and commences from Friday 16 February 2024.

This relates to the requirement to lodge General Purpose Financial Statements when preparing a MFR report.
 

Treasury has released the draft legislation on climate-related financial disclosures.

Australian companies with European ties may be impacted by the introduction of European Sustainable Reporting rules.

Businesses which provide certain services are required to report payments made to contractors and lodge a taxable payments annual report (TPAR) with the Australian Taxation Office (ATO). The TPAR for the 2021-22 income year must be lodged by Sunday 28 August 2022.
 

ASIC has just announced that they are extending the reporting deadlines for unlisted entities with 30 June 2022 reporting obligations to ASIC by one month.  This involves year-ends and half-years ending between 24 June 2022 – 7 July 2022.

If you are a Charity or Not-for-Profit (NFP) there are a number of financial reporting changes that will impact your annual information statement (AIS) and financial reporting obligations at 30 June 2022. 

Victorian schools, are you ready for the VRQA Financial Management Guidelines?