Reporting both using the Annual Information Statement and more comprehensive Financial Reports
Reporting
Any charity with a 30 June financial year end will now be finalising its accounts and reports.
The Annual Information Statement must be filed within the next 6 months and must accurately record expenditure and income proportions, programs and activities in the preceding period, numbers of employees, volunteers, part time and full time.
Some charities have been dealing with changes to accounting standards if they prepare and submit special purpose accounts. There is valuable guidance on the ACNC website linked here.
Further a small charity (defined under the ACNC Act to have annual revenue less than $500,000) or a basic religious charity is not obliged to file a financial report on the ACNC Register so the accounting standards would not affect them.