On 12 June, the Australian Charities and Not-for-Profits
Commission Implementation Taskforce released its Implementation
Report, setting out the ACNC's regulatory approach in five key
action areas. These five areas are:
Registering entities Charities will register
with the ACNC, and the information collected will be used to
populate the searchable database.
Developing a reporting framework (report once, use
often) The Charity Passport cuts red-tape where charities
report once to the ACNC, and that information can be accessed by
Going online (one-stop shop) Charities can use
the ACNC website as the single portal that links them to a range of
government agencies, and the public can access consolidated
information on registered charities on the ACNC public information
Helping charities and the public (guidance and
education) The ACNC will help charities understand their
obligations by providing guidance, general advice and education
underpins good governance, accountability and transparency.
Engaging with stakeholders A key consideration
of the ACNC's regulatory approach is to know the sector it
regulates, and to understand the expectations of the community for
the conduct of charities. In order to have an ongoing engagement
with stakeholders, the ACNC proposes to establish regular meetings
with stakeholders, operate a phone advisory service, and provide
annual snapshots of the sector to the public.
While a number of NFPs have welcomed the introduction of a
single regulator for the sector if it reduces the amount of red
tape that NFPs have to deal with, most if not all of them remain
sceptical that the ACNC will be able to achieve that result. They
may take some comfort from the focus identified in the
Implementation Report but the proof of this pudding is going to be
in the eating.
As previously advised, the ACNC start date is proposed to be 1
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
We discuss whether certain clauses commonly found in ordinary commercial contracts could be considered to be penalties.
Some comments from our readers… “The articles are extremely timely and highly applicable” “I often find critical information not available elsewhere” “As in-house counsel, Mondaq’s service is of great value”
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).