NFPs Call for Clarity on Transition to Charity Regulator
Tuesday, 27th March 2012 at 8:32 am
Not for Profits have asked for greater clarity around about transitional arrangements for the new charity regulator in submissions to the ACNC Taskforce.
The Australian Charities and Not for Profit Commission (ACNC) Taskforce released a Discussion Paper in December 2011 on the proposed operations of the regulator and has received 121 submissions.
Susan Pascoe, the Interim Commissioner and Head of ACNC Implementation Taskforce says overall, there was general support for the establishment of the ACNC and its regulatory approach.
However, she says greater clarity was sought on transitional arrangements to allay anxieties within the sector.
“Several stressed the importance of avoiding any imposition of unnecessary reporting requirements on existing charities during the transition period," Pascoe said.
“There was widespread concern that without harmonisation within Commonwealth agencies and between the Commonwealth, State and Territory Governments, the scope of the ACNC's activities could add to the compliance burden of charities.”
Pascoe says that those submissions that included matters that relate to policy or legislative matters have been referred to Treasury for consideration.
The Taskforce says by way of summary that:
- Many sought clarity on whether the ACNC's role will expand to include the regulation of Not for Profit (NFP) entities.
- Others sought clarity on the process for withholding information from the Information Portal, such as information provided by women's shelters or Private Ancillary Funds.
- Some churches and complex multi-site charities would like the opportunity to negotiate grouping arrangements for reporting purposes.
The ACNC Taskforce has developed a Submissions Summary to highlight some of the key matters raised.
All submissions will be available at the time of the scheduled to release of the ACNC response.