Review of ACNC Legislation
14 August 2012 at 4:05 pm
The findings of the Economics Committee Inquiry into the Draft Legislation establishing Australia’s first Charity Regulator, the ACNC, will be delivered to Federal Parliament later today.
The Report on the Exposure Draft of the Australian Charities and Not-for-Profit Commission Bill 2012 will be presented by the Chair of the Standing Committee on Economics who is expected to make a statement to Parliament on the findings.
The presentation to Parliament was confirmed by the Inquiry Secretary and the published Parliamentary program. However, the timing of the release depends on Parliamentary procedures.
The report is listed to take place after the Parliament debates amendments to the Asylum Seeker Legislation (Migration Legislation Amendment -Offshore Processing and Other Measures Bill 2011).
The ACNC Bills are expected to be introduced into Parliament later this month.
The Gillard Government made major revisions to the draft ACNC legislation in early July calling for sector feedback before the revised legislation went to the House of Representatives Standing Committee on Economics for an inquiry over the Winter Parliamentary break.
"The Australian Charity and Not for Profit Commission legislation reflects the outcomes of an extensive consultation process beginning with the 2011 Consultation paper Scoping Study for a National Not?for?profit Regulator," the Minister for Social Inclusion Mark Butler said at the time.
It is understood there are a number of key changes to the legislation around reducing red tape, director liability, accessing core information from other sources, a five year statutory review and issues around the publication of certain information such as personal details of PAFs and Trustees.