Amended legislation to enable the establishment of the Australian Charities and Not-for-Profits Commission (ACNC) passed the Senate yesterday, was referred back for the Lower House to consider the amendments, and passed through the Lower House this morning. The ACNC is now able to commence operations, and is expected to do so in December 2012.
This means that registration and regulation of charities in Australia will pass from the Australian Taxation Office to an independent, specialised entity in the form of the ACNC.
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