The ACNC’s future may be looking brighter

05 March 2015 Topics: Not-for-profit

New Federal Minister for Social Services, Scott Morrison, has stated that abolishing the Australian Charities and Not-for-profits Commission (ACNC) is not now a priority.

This is a decisive policy shift away from his predecessor, and, although it does not mean that the ACNC is here to stay, it at least appears to be a move in that direction.

This has been welcomed by the many stakeholders in the not-for profit sector including the Community Council for Australia and the Governance Institute, an independent professional association with a sole focus on the practice of governance.

Judith Fox, Director of Policy at the Governance Institute, noted that the ACNC has been successful in lifting accountability and governance standards.

While the ACNC remains, entities registered with it should continue to comply with the relevant requirements, including lodgement of annual information statements. Most entities with tax endorsements will need to be or remain registered with the ACNC to continue to receive the benefit of such endorsements until legislation is otherwise introduced.

Print

 

Contact Us

This publication is for information only and is not legal advice. You should obtain advice that is specific to your circumstances and not rely on this publication as legal advice. If there are any issues you would like us to advise you on arising from this publication, please let us know.