Australian Charities and Not-for-Profits Commission Bill 2012

On 10 July 2012, the government referred the next draft of the ACNC Bill to the House of Representatives Standing Committee on Economics for further review over the Winter break. Submissions can be made to the Committee by 20 July 2012.

While the following is not an absolute guarantee, until the Committee makes its recommendations, this last draft of the Bill, contains the following relevant provisions.

SIGNIFICANT EXEMPTION

Basic Religious Charities have been granted exemption from:

1. Lodging annual financial reports
2. Complying with governance standards
3. Power of the Commissioner to suspend or remove a director or trustee (called a "responsible entity")

They have not been granted exemption from the need to register as a charity or to lodge an annual information statement.