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ARTICLE · 20 AUGUST 2012

Establishing the Charities Commission – the final phase?

Draft Bills aim to establish an independent national regulator, the ACNC, for the charities and not-for-profit sector.

AustraliaCorporate/Commercial Law

Establishing the Charities Commission – the final phase?

The House of Representatives Economics Committee "Report on the Exposure Draft of the Australia Charities and Not-for-profits Commission Bills 2012' was issued on 15 August 2012. These draft Bills are designed to establish an independent national regulator, the Australian Charities and Not-for-profits Commission ('ACNC'), for the charities and not-for-profit sector.

Subject to a number of amendments the Committee has recommended (although with the dissention of the Liberal members of the Committee) that the House of Representatives pass these Bills. If this occurs in the present sitting of Parliament we expect to see the ACNC commencing on 1 October 2012 as planned.

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