Did you know? Theatre Network NSW is a registered charity and has also been successful in securing Deductible Gift Recipient status in association with its public fund.
This means that TNN can now auspice grants for its members that require DGR status – this is particularly relevant for funding through foundations and the like.
If your company or organisation is registered as a charity or has DGR status you might also be relieved to know that the reporting requirements in NSW have just been streamlined…
Red tape reduced for thousands of NSW charities
Thousands of charities will benefit from reduced red tape in New South Wales, after the ACNC and the NSW Office of Fair Trading recently signed an agreement to remove duplicate reporting for incorporated associations.
Around 4,000 NSW incorporated associations will now only be required to submit their annual financial reports to the ACNC, and then we will securely share the data with NSW Fair Trading.
Source: ACNC Quarterly – Issue 16 September 2018
