The Assistant Treasurer on Mon 10.12.2012, officially launched the Australian Charities and Not-for-profits Commission (ACNC). The ACNC will be responsible for registering and regulating charities, while also working with the sector to provide information and assistance. At the Commonwealth level, the ACNC will administer a Charity Passport underpinned by a “report-once, use-often reporting framework”.
Mr Bradbury said the Government would also shortly be releasing the ACNC Governance Standards and Financial Reporting Regulations for consultation until mid-February 2013. He said the ACNC will be holding an information road show for charities in early 2013, visiting urban and regional areas. Further information about the ACNC can be found on its website or by calling 13 ACNC (13 22 62).
[LTN 239, 10/12]