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A charity is insolvent when it is unable to pay all of its debts when they are due. A charity’s Responsible People have a duty to not allow their charity to operate while insolvent. 

The ACNC Governance Standards are a set of six core, minimum standards that deal with how a charity is run (including its processes, activities and relationships) – its governance.

A charity which is wound up will cease to exist and will end all of its operations.

Incorporated associations have a legal structure set up under a state or territory law, that is usually not-for-profit.

Charities must meet many different legal requirements imposed by government agencies, at local, state and territory, and Commonwealth levels.

Double defaulters are charities that have failed to submit an Annual Information Statement for two or more years.

A charity can be classified as small, medium or large, with a charity’s size based on its annual revenue for the reporting period. Small charities are those with annual revenue under $500,000, medium charities are those with annual revenue of $500,000 or more, but under $3 million, while large charities are those with annual revenue of $3 million or more.

The Australian Charities Report is an annual report published by the ACNC on the state of the charity sector, produced from the latest data from charities’ Annual Information Statements.

Parents & Citizens Associations (P&Cs), or Parents & Friends Associations (P&Fs), are organisations set up to support schools. Many P&Cs are registered charities. 

An annual report is a publication that often details a range of important information about a charity and its work over a 12-month period.