Consumer Affairs Victoria has just announced that it has reduced the requirements for charities who fundraise in Victoria. This change is the result of a long effort by the charities and not-for-profit sector to reduce the red tape surrounding fundraising.
How it used to work
Charities fundraising in Victoria that raised more than $10,000 a year or have paid staff needed to apply to Consumer Affairs Victoria for authority to fundraise. However, many kinds of charities such as schools, religious bodies and political parties were exempt from requiring registration. Registration expired after three years, requiring regular renewal. Registered fundraisers also had to lodge an annual statement.
How it works now
Charities who fundraise in Victoria and are registered as charities with the Australian Charities and Not-for-profits Commission (ACNC) will no longer be required to:
- apply for fundraiser registration
- renew your fundraiser registration, or
- lodge an annual statement
Existing registered fundraisers must notify Consumer Affairs Victoria (through their myCAV homepage) that they are registered with the ACNC in order to benefit from the reduced reporting and renewal requirements.
New charities, upon being registered with the ACNC, must notify Consumer Affair Victoria of their intent to fundraise (again, through their myCAV account).
However, charities will continue to be bound by the existing financial accounting requirements.
If you have any questions, please do not hesitate to contact our Charities and not-for-profit team.