Key reporting requirements for Not-for-Profit associations in Western Australia

Not for profit

As part of the West Australian Government’s aim to promote greater efficiency and accountability, the state introduced a new Associations Incorporation Act 2015 that align the legislation governing incorporated associations with other Australian jurisdictions and minimise compliance and administrative costs.

The Associations Incorporation Act 2015 brought a couple of distinct changes to aligned itself to the requirements of the Australian Charities and Not-for-profits Commission Act 2012. The 2015 Act categorises associations into one of three Tiers to determine its reporting requirements.

The following illustration provides a snapshot of the key reporting requirements for each Tier to simply the reporting requirements of the above-mentioned Acts.

Not-for-profit reporting requirements WA

The ACNC website provides a vast amount of information in relation to managing a charity, including the information outlined in the illustration above.

About the author

Naz Randeria is the Founder and Managing Director of Reliance Auditing Services. With more than 25 years’ experience in audit and accounting, Naz is an ASIC registered SMSF Auditor, SMSF Specialist Auditor, Registered Company Auditor, and Chartered Accountant.

She is actively involved in the SMSF audit sector and is passionate about sharing audit, compliance and SMSF knowledge with clients, professional colleagues and the wider public.

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DISCLAIMER: This information is an interpretation of rules, regulations and standards. It should not be considered as general or specific advice and neither purports, nor is intended to be advice on any particular matter. No responsibility can be accepted for those who act on the contents of this publication without first obtaining specific advice. Liability limited by a scheme approved under Professional Standards Legislation.