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ARTICLE · 31 OCTOBER 2012

Not-for-Profit Update - 25 October 2012

The Bills are still up for debate, with the Government anticipating that the ACNC will open its doors in December 2012.

AustraliaCorporate/Commercial Law

Are we there yet?
In our update last month, we provided you with a summary of the ACNC and In Australia Conditions Bills and their amendments following the Parliamentary Committees recommendations.

The Government's intention was for the Bills to be passed by Parliament in time for the proposed 1 October 2012 start date for the ACNC.

As has been widely circulated, the Bills are still up for debate, with the Government anticipating that the ACNC will open its doors in December (subject to its successful passage through Parliament).

So where are we at?
The "In Australia" Special Conditions Bill is before the House of Representatives.

The ACNC Bill is before the Senate and is scheduled for debate on 29 October 2012. Given there are minor proposed amendments to the Bill it will need to return to the House for approval.

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