Charity begins with new Commission

Charity begins with new Commission: New legislation has been introduced to establish the Australian Charities and Not-for-profits Commission (ACNC).
Assistant Treasurer, David Bradbury said the establishment of the ACNC was the cornerstone of the Not-For Profit (NFP) reform agenda and would provide, for the first time, a dedicated regulator for the NFP sector.
Mr Bradbury said the ACNC would serve as an independent national regulator, with a greater focus on the particular needs of the NFP sector.
He said it would determine an entity’s charitable status and provide information to the public about the NFP sector and the work that it did.