Australian Charities and Not-for-profits Commission Act 2012 (Cwth)

CHAPTER 3 - RESPONSIBILITIES OF REGISTERED ENTITIES  

PART 3-2 - RECORD KEEPING AND REPORTING  

Division 60 - Reporting  

Subdivision 60-G - Collective and joint reporting  

SECTION 60-95   COMMISSIONER MAY APPROVE COLLECTIVE OR JOINT REPORTING BY RELATED ENTITIES  
Joint reporting

60-95(1)    
The Commissioner may allow 2 or more registered entities ( reporting group ) to prepare and lodge a single information statement, or a single information statement and a single financial report, in relation to the reporting group for a financial year.

Collective reporting

60-95(2)    
The Commissioner may allow a reporting group to prepare and lodge one or more information statements, or one or more single information statements and one or more single financial reports, in relation to the reporting group for a financial year on a basis other than an entity-by-entity basis.

Example: The Commissioner may allow a reporting group of affiliated registered entities that advance religion and advance social or public welfare to prepare and lodge 2 financial reports, one report in relation to the reporting group ' s religious functions and one in relation to the reporting group ' s welfare functions.

Application in approved form

60-95(3)    
Registered entities seeking to form a reporting group may apply, in the approved form, to the Commissioner for the Commissioner to make a decision under subsection (1) or (2) .

Commissioner must consider certain issues

60-95(4)    
In deciding whether to allow 2 or more registered entities to form a reporting group, the Commissioner must consider the following:

(a)    how the public interest in the transparency and accountability of the registered entities is best served, including the possible effect on:

(i) the public ' s understanding of the activities of the registered entities and the information provided in the information statement or financial report; and

(ii) the public ' s ability to rely upon the information provided in the information statement or financial report;

(b)    how the altered reporting arrangements would affect the Commissioner ' s ability to assess a registered entity ' s entitlement to registration or compliance with this Act;

(c)    whether members of the reporting group have access to the same or different taxation concessions;

(d)    how the altered reporting arrangements would affect the Commissioner of Taxation ' s ability to assess a registered entity ' s compliance with a taxation law;

(e)    the possible effect on the compliance and administrative costs of registered entities proposed to be included in the reporting group;

(f)    the degree of affiliation, control and proximity of registered entities proposed to be included in the reporting group;

(g)    the objects of this Act;

(h)    any other matter that the Commissioner considers relevant.