Enhancing your financial management skills can improve your organisation's ability to deliver services, budget accurately, apply for grants and produce financial reports.

This section describes some of the legal and financial obligations of community organisations and their management committees. The issues covered are taxation, fundraising and consumer rights.

Changes to the treatment of reportable fringe benefits might affect your staff receiving family assistance or youth income support payments. From 1 January 2017, when calculating eligibility for family assistance and youth income support payments, 100 per cent of reportable fringe benefits will be...
Treasurer Curtis Pitt has outlined three shortlisted proponents seeking to deliver innovative services under the state government’s Social Benefit Bonds program . Mr Pitt said there had been strong interest in the pilot Social Benefit Bonds initiative that will involve investors, the social...
Not-for-profit organisations may need to register for fringe benefits tax (FBT) if they provide benefits to employees during an FBT year (1 April to 31 March). Depending on the type of organisation, it may be entitled to a rebate or an exemption for FBT. The Australian Taxation Office has produced...
From August, the ACNC will be visiting over 25 regional and metropolitan locations in Australia to talk to charities. The Ask ACNC sessions will provide charities the opportunity to hear directly from one of the ACNC’s Commissioners. The sessions include an update on the work of the ACNC, issues...
In the 2016-17 Queensland State Budget, the Queensland Government announced that the Queensland Office of State Revenue ( OSR ) will be focusing on tax avoidance, which will include those incorrectly claiming to be not-for-profit organisations and claiming tax exemptions. Is your organisation...
The Department of Communities, Child Safety and Disability Services is working towards applying an outcomes-oriented approach to inform and drive future policy and investment decisions. It has just released a short fact sheet about its approach.
Two new Good Money community finance stores will respond to the increasing need for access to fair and affordable financial services for Queenslanders on low incomes. The stores are a three-way partnership between Good Shepherd Microfinance, the National Australia Bank (NAB) and the Queensland...
The National No-Interest-Loan-Scheme (NILS) conference was recently held in June 2016 in Adelaide. The presentations from the conference workshops are now available: Marketing masterchef Are social enterprises the answer? Financial conversations Are you making an ethical decision? The good and the...
The 2016-17 Queensland State Budget is a solid budget for vulnerable Queenslanders. It provides funding for crucial areas such as prevention of domestic and family violence, universal access to kindy, investment in employment in regional Queensland and the provision of a range of social...
Low and moderate-income households are paying up to 85 per cent of their income to secure rental properties in Australia, according to new data. The Rental Affordability Index , created by National Shelter, Community Sector Banking and SGS Economics & Planning, revealed that low-income...

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QCOSS’ Jane Grant talks about how the Unit Costing Tool can be used to accurately estimate service delivery costs. This is especially important as the sector prepares to tender for service delivery funding. Click the image below to listen to the podcast. You can access the Unit Costing Tool and...
With funding provided by the Australian Government Child Care Services Support Program (CCSSP), Network SA have developed a financial literacy video resource to support directors and management committees of community based child care centres to read and understand financial reporting requirements...
The Sector Development team at QCOSS has worked with the costing methodology developed and kindly shared by the Endeavour Foundation to create an easy to use Unit Costing Tool . This tool supports organisations to understand their cost drivers, and confidently plan and negotiate the level of...
This resource has been developed by Knode and Foresters to support boards and service managers assess their financial position and strategically build their organistion's financial sustainability. Building financial sustainability in your organistions contains tools to help you: Assess where your...

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Grants
Author: 
Tiffany Tento, Queensland Council of Social Service

The Tasmanian Government together with Regional Development Australia and the Tasmanian Early Years Foundation have published a useful guide on the ...

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

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...

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