Senate Standing Committee on Economics ACNC repeal

Friday, 02 May 2014

On 2 May 2014 Company Directors commented on the Bill to repeal the Australian and Not-for-profits Commission (ACNC) Act (2012). 

We are concerned that despite the lack of information and detail provided about an alternative regulator for the NFP sector, the Government is committed to abolishing the ACNC. While we acknowledge that the ACNC has yet to achieve the objectives under which it was established, it had commenced down a path to achieve this. As such, until the Government releases sufficient detail as to the proposed alternative model of regulation, we do not support the abolition of the ACNC.

Since the commencement of the NFP Reform in 2010/2011 and through a range of submissions, Company Directors has consistently repeated its view that the charity (and the broader NFP sector) would benefit from:

  1. A reduction of red-tape
  2. A harmonisation of Federal, State and Territory regulations
  3. A “one-stop-shop” for reporting to government(s)

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