Standard Chart of Accounts

Posted by: Stephen Hutchison
Queensland Council of Social Service

The Queensland University of Technology (QUT) Standard Chart of Accounts (SCOA) has been formally approved by all Australian Governments for implementation by 1 July 2010.

The 19-20 April 2010 Council of Australian Governments (COAG) meeting in Canberra made the following decision:

"COAG also agreed to additional reforms for the not-for-profit sector, including an implementation plan and governance structure to develop a nationally consistent approach to fundraising regulation, and the adoption of a standard chart of accounts where possible by 1 July 2010. This will further reduce the regulatory burden and improve public confidence in the not-for-profit sector. " (page 14)

 

Sidebar Link: 
QUT resources for the Standard Chart of Accounts
COAG Communique 20 April 2010