Wednesday, December 26, 2012

Australian Charities and Not-for-Profit Commission Opens Doors

ACNCCatching up on some of the year's news and scholarship, I will start on the international front with a story from Australia.  In 2012, Australia created the Australian Charites and Not-for-profits Commission and earlier this month the Commission opened its doors.  Here is the Commission's description of its role:

Who we are

The Australian Charities and Not-for-profits Commission (ACNC) is the independent national regulator of charities. The ACNC has been set up to achieve the following objects:

  •  
    • maintain, protect and enhance public trust and confidence in the sector through increased accountability and transparency
    • support and sustain a robust, vibrant, independent and innovative not-for-profit sector
    • promote the reduction of unnecessary regulatory obligations on the sector.

What we do

To achieve our objects, the ACNC:

  •  
    • registers organisations as charities
    • helps charities understand and meet their obligations through information, guidance, advice and other support
    • maintains a free and searchable public register so that anyone can look up information about registered charities
    • is working with state and territory governments (as well as individual federal, state and territory government agencies) to develop a 'report-once, use-often' reporting framework for charities.

The ACNC is established under section 105-5 of the ACNC Act. Our objects and functions are in section 105-15 of this Act.

Our leaders

ACNC is led by Commissioner Susan Pascoe AM, Assistant Commissioners David Locke and Murray Baird, and a strong leadership team. The ACNC Commissioner's position is established by section 110-5 of the ACNC Act.

Our relationship with other government agencies

The Australian Taxation Office (ATO) remains responsible for deciding eligibility for charity tax concessions and other Commonwealth exemptions and benefits.

There are also many other government agencies that regulate charities and other not-for-profits. For example, government agencies may provide grants and other funding. They may also regulate particular services provided by charities, such as aged care or education.

Additional Information:  Australian Financial Review; Australian Institute of Company Directors; Pro Bono Australia.

LHM

 

http://lawprofessors.typepad.com/nonprofit/2012/12/australian-charities-and-not-for-profit-commission-opens-doors.html

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