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March 11, 2013

Governance standards for charities

The Australian Charities and Not‑for‑profits Commission Amendment Regulation 2013 (No. 1) has been registered and will commence on 1 July 2013.

This regulation specifies governance standards which registered entities must comply with in order to become registered under the the Australian Charities and Not‑for‑profits Commission Act 2012 and to remain entitled to be registered under that Act.

The ACNC governance standards cover:
•The purposes and not-for-profit nature of charities
•Accountability to members
•Compliance with Australian laws
•The suitability of those who govern charities
•The duties of those who govern charities

Transitional arrangements until 1 July 2017 have been adopted, including for State-registered incorporated associations.

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Posted 11th March 2013 by David Jacobson in Charities, Corporate Governance