MODULE 4 · PART A.4 · VISUAL GUIDE · PNG

Accountability beyond companies

Public-sector accountability includes legislation, parliamentary scrutiny and audit.

Study clarifications

Read these points alongside the original lecture or guide.

The charity overview is simplified: there are six ACNC Governance Standards, including Standard 6 on the National Redress Scheme, subject to applicable exemptions. The five-standard list is incomplete. ACNC: Governance Standards ↗
ACNC registration is voluntary, although it is required for Commonwealth charity tax concessions and some other benefits. Do not read the lesson as saying every charity must register. ACNC: registration policy ↗
The ACNC does not universally require an AGM. A registered charity must be accountable to members, and its governing document or other applicable law may require a meeting. The Corporations Act AGM requirement does not generally continue for an ACNC-registered company limited by guarantee. ACNC: annual general meetings ↗

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Public-sector accountability includes legislation, parliamentary scrutiny and audit. Charity accountability includes charitable purpose and governance requirements. Read the accompanying clarification: ACNC registration is voluntary, six Governance Standards apply subject to exemptions, and an AGM is not universally required by the ACNC.

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