New Australian Charities and Not-for-Profits Commission (ACNC)
14 Feb 2013
With $53.6 million over four years committed by the Commonwealth Government in the 2011-2012 budget, the purposes of the ACNC include:
- promoting good governance, accountability and transparency for the Australian not-for-profit (NFP) sector; and
- determining the charitable status of organisations for government purposes and concessions.
Implementation of the ACNC's aims will include establishing a national regulatory system for the NFP sector.
The ACNC will also maintain a register of Australian charities to which the regulatory system applies. Initially, the regulatory regime will apply to all organisations endorsed to receive tax concessions by the Australia Tax Office, which currently numbers approximately 56,000.
Other charitable organisations may also apply for registration and registration will be a requirement for all future charity tax concessions and deductible gift recipient (DGR) status applicants.
Hynes Legal has a dedicated NFP team
Through our on going support of the health, aged care, disability and research sectors we have developed an in-depth knowledge of those industries, ensuring we have an intimate understanding into what makes a successful NFP organisation. We have aggregated that knowledge and expertise into our specialist NFP team, providing corporate and commercial legal advice to NFP organisations.
Our NFP team headed by Julie McStay also includes Consultant, Peter Emery. Peter has a strong connection to the NFP sector, holding numerous board positions and being an accredited mediator and trainer. Peter is also a facilitator for the Australian Institute of Company Directors education programs, including the In-Focus course, ‘The role of the Not-for-Profit Chairman’.
If you would like assistance registering for the ACNC, or if you require any information please contact Julie McStay