Author: 
Tiffany Tento, Queensland Council of Social Service
Managing money

The latest edition of the Australian Sector Nonprofit Legal and Accounting Almanac was recently released.

The annual publication contains a summary of significant cases, legislation, and tax issues impacting on the Not for Profit sector as well as topical updates written by practitioners.

It is a joint effort of Australian Centre for Philanthropy and Nonprofit Studies at QUT (ACPNS), Justice Connect and the Australian Charity Law Association.

The Australian Charities and Not-for-profits Commission (ACNC) Commissioner Susan Pascoe AM wrote in the foreword to this year’s Almanac that for “anyone who works, or has an interest, in the sector to make the Almanac a part of their ‘go to’ resources”.

“Its useful referencing of important legal rulings and legislative changes makes it a practical tool to guide sound decision making and help support charities to continue to carry out the important work they do within the Australian community,” she said.

Whilst there are many useful summaries of legal cases involving NFPs, perhaps the summaries of changes to legislation (p.251), the new bullying provisions (p.281), the privacy laws update (p.283) and the look forward to 2014 are the “must reads” for NFP practitioners.

The Almanac’s author, Professor Myles McGregor Lowndes, says the latest edition looks at the current law reform proposals and discussion papers such as the fate of the Gillard/Rudd unpassed legislation, the ‘In Australia’ Bill consultation and more.

He says it also includes significant cases in two-page summaries to bring CEOs, senior management and boards up to date with issues such as duty of care, employment, discrimination, tax exemption and deductions, charitable bequests and governance.

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