The Australian Institute of Company Directors (AICD) welcomes the announcement by Social Services Minister Christian Porter and Assistant Treasurer Kelly O’Dwyer to retain the Australian Charities and Not-for-profits Commission (ACNC).
The announcement ends a sustained period of uncertainty for charity directors who have been calling on the government to make a decision on the future of their regulator.
“This is the right decision by the Government. The ACNC plays an important role in ensuring we have a well-governed, effective and trusted charitable sector,” said AICD Managing Director and CEO John Brogden.
“Now the ACNC has certainty it can move to fulfil one of its main objectives – to reduce red tape and eliminate the burden of unnecessary regulation on charities.
“State and territory governments have been reluctant to come to the table on national reform, but with this announcement, it’s time for them to take action.
“Ultimately the success of the ACNC will be determined not only by its ability to protect public trust and confidence in the sector, but on its ability to reduce red tape for charities. To date, it has had only limited success,” Mr Brogden said.
The AICD welcomes the renewed focus for the regulator in supporting charities to be effective and well-governed.
“Although many charities are well-governed, governance in the sector is variable. The AICD will continue to work with the sector to support not-for-profits to achieve excellence in governance.”
“The ACNC must now focus on delivering streamlined reporting for not-for-profits, advocating for a nationally-consistent approach to fundraising regulation and a standard definition of charity,” Mr Brogden said.
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