ACNC is here to stay
In a joint media release on 3 March 2016, the Minister for Social Services, Hon Christian Porter MP and the Assistant Treasurer, Hon Kelly O’Dwyer MP announced the Government’s decision to retain the Australian Charities and Not-for-Profits Commission (ACNC).
This will provide certainty to the charity sector that has been in limbo since the establishment of the ACNC in December 2012, with a repeal Bill and plans to abolish the ACNC following in March 2014.
This means that reporting by charities for years ending 31 December 2015 will continue to the ACNC. The Government has also expressed their intention to work with the ACNC, as well as states and territories, to remove duplication and reduce the burden of red tape, and to increase accountability and transparency.