ACNC (Australian Charities and Not-for-profits Commission)
In the 2011-12 Federal Budget, the government announced it will provide $53.6 million over four years for the establishment of a new independent statutory agency, the Australian Charities and Not-for-profits Commission (ACNC), and related structural changes to the Australian Taxation Office (ATO).
An implementation taskforce (headed by the expected Commissioner of the ACNC) will be set up in the Department of Treasury from 1 July 2011 to ensure the ACNC is ready for operation by 1 July 2012.
The Commissioner of the ACNC will be appointed by the government and report to parliament through the Assistant Treasurer. The Commissioner will have sole responsibility for determining charitable, public benevolent institution, and other not-for-profit status for all Australian Government purposes.
Initially, the ACNC will also be responsible for:
- providing education and support to the sector
- implementing a 'report-once, use-often' general reporting framework for charities
- implementing a public information portal by 1 July 2013.
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News
The current reform of the Not for Profit sector is very welcome but, according to sector expert Elizabeth Cham, there is still a gaping hole in the regulatory framework that needs urgent attention - philanthropy.
The Federal Government’s decision to further delay the start of the charity regulator, ACNC, highlights the complexities involved in regulating the Not for Profit sector, according to the Australian Institute of Company Directors.
The Federal Government has announced further delays to the start of the charity regulator for the Not for Profit sector.
The Australian Tax Office has called on organisations that are endorsed as tax concession charities to update their details before the new charity regulator begins operation.
In the climate of the Federal Government’s ongoing reform of the charity sector, the CEO of World Vision, Tim Costello, asks are we achieving the community benefit we exist to serve?
Australia’s new charity regulator, the ACNC Taskforce, is recruiting Compliance Teams to identify and manage risks in the sector.
Charities will receive first hand information on the progress of the establishment of the Australian Charities and Not for-profits Commission (ACNC) at this year’s CPA Not for Profit Conferences being held in Melbourne, Brisbane Sydney and Perth in May.
Not for Profits have asked for greater clarity around about transitional arrangements for the new charity regulator in submissions to the ACNC Taskforce.
The Not for Profit sector has welcomed the announcement of the extension of time for the establishment of the Australian Charities and Not-for-profits Commission (ACNC).
The Gillard Government has announced it will extend the start date of the Australian Charities and Not-for-profits Commission to October 1, 2012.
While the Federal Government is setting up a charity regulator in the form of the Australian Charities and Not-For-Profits Commission (ACNC), the New Zealand Government is shutting down its Charities Commission.
It has been revealed that one of the major leadership roles in the newly established Australian Charities and Not-for-profits Commission (ACNC) has gone to the Director of PilchConnect, Lawyer Sue Woodward, who has been appointed Director – Policy & Education.
A range of reforms proposing a consistent national approach to fundraising regulation for Australian charities have been outlined in another Discussion Paper released by Federal Treasury.
A new round of job advertisements will appear in the national press this weekend for further executive positions with the new charity regulator, Australian Charities and Not-for-profits Commission (ACNC).
The major leadership roles in the newly established Australian Charities and Not-for-profits Commission (ACNC), are expected to be announced in mid-February after a recruitment drive that is said to have produced a field of high calibre candidates.
The Federal Government’s Australian Charities and Not for Profits Commission (ACNC) has launched a Facebook page in the hope of facilitating ongoing engagement with people living in rural and remote areas.
Perpetual’s philanthropy funding round was oversubscribed by a factor of 10 this year with some $90 million being requested by Australian Not for Profits, with only $9 million available for distribution.
Community consultations about reform of the Not For Profit sector kick off at the end of this month - with the ACNC (Australian Charities and Not for Profits Commission) beginning a series of face to face consultations in all Australian capital cities.
As the Federal Government rushes to get the charity watchdog, the Australian Charities and Not-for-Profits Commission, up and running by mid 2012, some leading Not for Profits organisations have expressed concern that the government is rushing through the key consultation process.
The Gillard Government has released the exposure draft legislation for the Australian Charities and Not-for-Profits Commission (ACNC), along with a discussion paper to gather community feedback on elements of a new reporting framework for charities.
The website for the Australian Charities and Not for Profits Commission Implementation Taskforce - one of the major Gillard Government’s major reforms of the Not for Profit (NFP) sector – is now live.
Seven high-profile charities “spent more than 40 per cent of donations on the cost of fundraising”, according to a report in Brisbane's Courier Mail on Australian Not for Profit (NFP) organisations that spend large amounts of their donations on administration costs.
Productivity Commissioner Robert Fitzgerald AM will chair the advisory board assisting the Australian Charities and Not for Profits Commission (ACNC), Assistant Treasurer Bill Shorten has announced.
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