Australian Charities and Not-for-profits Commission (Consequential and Transitional) Act 2012
9Financial reporting
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9 Financial reporting
General start time
(1) Subdivision 60‑C of the ACNC Act applies to the 2013‑14 financial year and later financial years.
Note: If, on or before 30 June 2013, an entity adopts under Subdivision 60‑F of the ACNC Act an accounting period that ends on a day (the substituted end day) other than 30 June, the effect of this subitem and Subdivision 60‑F is that Subdivision 60‑C of the ACNC Act will not apply to the entity before the day after the substituted end day during the 2013‑14 financial year. See also item 11.
Voluntary reporting
(2) A registered entity may give to the Commissioner a financial report for the 2012‑13 financial year. The ACNC Act (other than Subdivisions 60‑C and 175‑C) applies to the report as if the entity had been required to give the report to the Commissioner under Subdivision 60‑C.
(3) To avoid doubt, the requirements of Subdivision 60‑C (including those set out in regulations made for the purposes of subsection 60‑15(1)) do not apply to a financial report given under subitem (2) of this item.
Voluntary reporting—substituted accounting periods
(4) If, before 30 June 2013, the registered entity adopts under Subdivision 60‑F of the ACNC Act an accounting period other than the financial year, subitem (2) of this item applies as if the reference in the subitem to the 2012‑13 financial year were a reference to the accounting period that starts during that financial year.