Question tag: 2024-amendments
4 QuestionsHas our CSO been removed from some banking restrictions due to the 2024 legislative changes?
We've had an ongoing nightmare trying to maintain a proper bank account for our organisation. Our previous bank essentially told us they weren't comfortable with NPO accounts and we've had to move around. Someone at a recent sector meeting mentioned that a law change in 2024 removed NPOs from some kind of list that was […]
How long is an NPO’s Certificate of Registration valid, and do we need to renew it?
We registered about four years ago and I've been getting anxious about whether our certificate is still valid. I vaguely remember something about a five-year validity period when we first registered but I can't find the paperwork and I'm genuinely not sure if anything has changed recently. Does anyone know the current rules on this? […]
What are Annual Returns and are CSOs required to submit them?
I keep seeing 'Annual Returns' mentioned in things I read about NPO compliance but I honestly don't know what they are or whether we're supposed to be filing them. We've been registered for three years and nobody has ever contacted us about it. Are these the same as tax returns? Do we have to pay […]
What is “beneficial ownership” and what does it mean for our NPO?
I've been reading through some of the new requirements for NPOs and I keep coming across the term 'beneficial ownership' and I genuinely don't understand what it means in our context. I get what it means for a regular business but for a non-profit it seems different. Is it just about who's on the board? […]