The Australian Charities and Not-for-profits Commission to stay
On 4 March 2016, The Hon Christian Porter MP announced the retention of the Australian Charities and Not-for-profits Commission (ACNC). There had been mixed signals about the future of the ACNC following the release of a report of the Senate Economics Legislation Committee on 16 June 2014 that recommended the ACNC Act be repealed and the position taken by the previous Abbott Government.
The current Government acknowledges there are a variety of views but has endorsed the ACNC and states that:
‘It is intended that the ACNC will have a renewed focus on working with charities to help them become more effective, and helping them to improve their governance.’
What does this mean for registered charities?
It is important for all charities currently registered with the ACNC to understand that the ACNC is, and will now remain, the national charities regulator. All registered charities must comply with their obligations to the ACNC. These include completing the Annual Information Statements and ensuring at all times that registered charities act in accordance with their charitable purposes.
Karen Keogh, Partner
Matthew Payne, Partner