Today the Bills to establish the ACNC were introduced to the House of Representatives by the Assistant Treasurer The Hon. David Bradbury MP. Debate has been adjourned until the 10th of September.
You can read the Bills here.
And read the Assistant Treasurer and Minister for Social Inclusion's joint media release below.
Mark Butler MP
Minister for Social Inclusion
David Bradbury MP
‘After decades of discussion, the time has come for real reform for the charitable sector,’ according to Rev Tim Costello, Chair of the Community Council for Australia (CCA) and CEO of World Vision.
CCA's 2012 Annual General Meeting was held on the 27th of June at Parliament House in Canberra. 24 CCA members attended the Senate Committee Room meeting and were joined the Assistant Treasurer the Hon. David Bradbury MP over lunch. Minister Bradbury provided an update for members on the government's NFP reform agenda, providing some insight into the ACNC legislation and answering questions from members around the government's 'Better Targeting' initative.
30 April,2014, Sydney
There is approximately $500 million of unclaimed funds in lapsed financial accounts in Australia. As part of our 2014 budget submission, CCA has called for the investment of these funds to help build capacity in the not-for-profit sector.
CCA invites members to join CEO David Crosbie, and corporate engagement expert Ian Cook in a roundtable discussion in Sydney on this topic. Ian has conducted extensive research on this matter, and we would value member's input as we progress this concept.
Free NFP Briefing – ACNC and Tax Update
8.30-10am, 5 March, CBD Melbourne
David Locke from the Australian Charities and Not-for-Profit Commission will provide an update on activities of the ACNC and likely future developments and Mark Northeast of Pitcher Partners will focus on the latest developments in tax issues facing NFP organisations.
This submission briefly outlines the CCA response to the Exposure Draft Bills establishing the Australian Charities and Not-for-profit Commission (ACNC). This submission does not attempt to address every aspect of the proposed ACNC Bills but seeks to place the Bills within a broader context and address key issues from both the Bills and the Explanatory Materials.
Overview of key issues
Support for reform
CCA strongly supports the overall directions for CFAR reform of the Commonwealth Financial Framework as outlined in the CFAR Discussion Paper.
‘The financial Framework should support government operations to create public value. It should promote the efficient and effective achievement of outcomes and provide for high levels of transparency and accountability.’ (Chapter 4, Directions for reform pg. 19)
CCA supports the apparent policy intent of the draft legislation that is to ensure income tax exempt entities generally must be operated principally in Australia and for the broad benefit of the Australian community. Likewise, deductible gift recipients (DGRs) generally must be operated solely in Australia and for the broad benefit of the Australian community.