NFP regulator & definition of charity announced in Budget

Among the announcements in last night’s Budget were a couple of exciting points for the philanthropic sector and for the not-for-profit sector as a whole.

  • The new independent not-for-profit regulator will be called the Australian Charities and Not-for-profits Commission (ACNC) and will be established by 1 July 2012.
  • The implementation taskforce for the ACNC will be set up in Treasury from 1 July 2011
  • The Commissioner of the ACNC will be appointed by Government and report to parliament through the Assistant Treasurer
  • The Commissioner will have sole responsibility for determining charitable status, PBI status and other not-for-profit status for all Commonwealth purposes.

The Treasurer also announced that the Government will consult on and introduce a statutory definition of charity for all Commonwealth laws to take effect from 1 July 2013. The definition will be based on the 2001 Report of the Inquiry into the Definition of Charities and Related Organisations, but will also take into account the findings of recent judicial decisions such as the Aid/Watch case.

For more information see the Budget site at: http://www.budget.gov.au/2011-12/index.htm

May. 11, 2011

 Tags: government, general, advocacy

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