Under the ACNC Act, the main operative provisions of the
financial reporting and governance requirements will be contained
in the regulations.
Governance Regulations Finalised
Following the consultation period, the Government tabled the
Governance Regulations in both the House of Representatives and the
Senate on 12 March 2013.
You can access a copy of these regulations here.
We note that the Government has listened to the submissions made
on these regulations and have incorporated the following changes
into the regulations:
- inserting references that the governance standards must be
interpreted in a manner that is consistent with the objects of the
Act and the requirements of section 15 10 of the Act (in
particular, the principles of regulatory necessity, reflecting risk
and proportionate regulation, as well as the unique nature and
diversity of not for profit entities and the distinctive role that
they play in Australia);
