The ACNC is currently reviewing up to 450 Public Benevolent Institutions annually to ensure they remain eligible for their charity registration, tax concessions and DGR endorsement.
Read the ACNC fact sheet on the review.
Currently the ACNC are selecting PBI’s for review based on risk factors, such as:
- it was registered as a PBI before 3 December 2012
- where the information on its portal does not appear to be correct or up to date, for example there are insufficient directors named or the wrong governance document has been uploaded or the governance document is non compliant
- where a significant complaint has been made about it.
A PBI must have the dominant purpose of providing relief to persons in need of benevolent relief. Factors such as a change in focus, a change in activity, undertaking an income earning venture which does not further the PBI purpose, poor governance, failure to exert control over the use of funds by a partner, including overseas partners, noncompliance with the external conduct standards, might impact on the PBI’s ongoing entitlement to endorsement.
Charities have been urged to take the opportunity to review their own eligibility for ongoing entitlement to registration ahead of any potential review by the ACNC. If you need assistance, contact Lesleigh