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ARTICLE · 12 SEPTEMBER 2014

ACNC replacement options

Forums have been conducted in capital cities to allow interested groups to discuss the ACNC replacements Options Paper.

AustraliaCorporate/Commercial Law

In July the Department of Social Services, (Minister Kevin Andrews), conducted forums in the capital cities to allow interested groups to discuss the Options Paper which the Department published earlier that month. The options it suggests to replace the ACNC are:

  1. Imposing a self-reporting regime on all charities, hinging on all charities using their own website to publish information.
  2. Returning the determination of charitable status to the Australian Taxation Office (ATO) (and establishing some independent decision making).
  3. Ensuring a proportionate compliance framework.
  4. Appropriate transitional arrangements.

The sector will arguably be given a higher level of autonomy with self-reporting, but unfortunately this will be at the expense of increased compliance costs and a return to the situation where not-for-profits must deal with the ATO, whose focus and understanding of the sector is not as specialised as that of the ACNC.

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