Commission overview | |
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Formed | 3 December 2012 [1] |
Jurisdiction | Australia |
Commission executive |
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Parent department | Australian Taxation Office [3] [4] |
Website | acnc |
The Australian Charities and Not-for-profits Commission (ACNC) is the regulatory authority for charities and not-for-profit organisations within Australia. The Commission was established in December 2012 as part of the Australian Charities and Not-for-profits Commission Act 2012 passed by the federal parliament, and is responsible for registering charities and non-profit organisations, ensuring their compliance with Australian law, and for keeping a public register of registered organisations.
The ACNC was created to achieve three fundamental goals towards improving charities and not-for-profits: [2]
As part of this, the ACNC is responsible for managing charity and not-for-profit registrations, supporting organisations in being compliant with Australian regulation, and demonstrating the importance of charities and not-for-profits to the public. In this, the Commission works with state and territory governments and agencies to standardise legislation and regulation across the nation. [2] The ACNC also operates a public register of charities or not-for-profits, the ACNC Charity Register, which lists organisation details, their purpose, as well as financial matters and any regulatory history. [5]
The ACNC also publishes an annual review of the sector, The Australian Charities Report. [6]
The ACNC is also responsible for overseeing all fundraising activities by Australian charities and profits. Despite this, the Commission can only take regulatory action against organisations in limited circumstances. [7] Instead, most regulatory action is done by state and territory agencies, and some federal agencies (Australian Securities & Investments Commission, Office of the Registrar of Indigenous Corporations, Australian Competition & Consumer Commission and the Australian Taxation Office). [8] When fundraising, organisations have several obligations under Australian Consumer Law. Charities and not-for-profits must not be misleading, deceptive, or demonstrate unconscionable behaviour, nor make false or misleading representations in relation to the supply of 'goods and services'. [9]
The ACNC was established under Chapter 5 of the federal Australian Charities and Not-for-profits Commission Act 2012 , which received assent on 3 December 2012. [10]
On 16 June 2014, a parliamentary report of the Australian Senate's Standing Committees on Economics recommended that the ACNC be abolished to "relieve the regulatory burden from many charities", and instead form a National Centre for Excellence as an "advocate for the sector and a leader in innovation". [11] On 4 March 2016, Minister of Social Services, Christian Porter and Minister for Small Business and Assistant Treasurer, Kelly O'Dwyer, announced that the ACNC would continue. [12] The bill lapsed in April 2016 in the House of Representatives. [13]
In 2017, Treasury completed a review of the legislation enabling the ACNC, five years after the Commission began. Chaired by Patrick McClure, the review was tabled on 22 August 2018 and was welcomed and responded to by the ACNC on 6 March 2020. [14] [15]
In a move criticised by some charities, the Turnbull government appointed former Labor politician Gary Johns as Commissioner of the ACNC. [16] Johns has been known for criticising the role of charities and the amount of government funding provided to them. [17]
A nonprofit organization (NPO), also known as a nonbusiness entity, nonprofit institution, or simply a nonprofit, is a legal entity organized and operated for a collective, public or social benefit, as opposed to an entity that operates as a business aiming to generate a profit for its owners. A nonprofit organization is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. Depending on the local laws, charities are regularly organized as non-profits. A host of organizations may be nonprofit, including some political organizations, schools, hospitals, business associations, churches, foundations, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be tax-exempt, and some may also qualify to receive tax-deductible contributions, but an entity may incorporate as a nonprofit entity without having tax-exempt status.
The Australian Competition and Consumer Commission (ACCC) is the chief competition regulator of the Government of Australia, located within the Department of the Treasury. It was established in 1995 with the amalgamation of the Australian Trade Practices Commission and the Prices Surveillance Authority to administer the Trade Practices Act 1974, which was renamed the Competition and Consumer Act 2010 on 1 January 2011. The ACCC's mandate is to protect consumer rights and business rights and obligations, to perform industry regulation and price monitoring, and to prevent illegal anti-competitive behaviour.
The Australian Communications and Media Authority (ACMA) is an Australian government statutory authority within the Communications portfolio. ACMA was formed on 1 July 2005 with the merger of the Australian Broadcasting Authority and the Australian Communications Authority.
In relation to public services, the voluntary sector is the realm of social activity undertaken by non-governmental, not for profit organizations. This sector is also called the third sector, community sector, and nonprofit sector. "Civic sector" or "social sector" are other terms used for the sector, emphasizing its relationship to civil society. Voluntary sector activities are important in many areas of life, including social care, child care, animal welfare, sport and environmental protection.
The Australian Securities and Investments Commission (ASIC) is an independent commission of the Australian Government tasked as the national corporate regulator. ASIC's role is to regulate company and financial services and enforce laws to protect Australian consumers, investors and creditors. ASIC was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's authority and scope are determined by the Australian Securities and Investments Commission Act 2001.
Mass media in Australia spans traditional and digital formats, and caters mostly to its predominantly English-speaking population. It is delivered in a variety of formats including radio, television, paper, internet and IPTV. Varieties include local, regional, state, federal and international sources of media, reporting on Australian news, opinion, policy, issues and culture.
A charitable organization or charity is an organization whose primary objectives are philanthropy and social well-being.
WIRES Wildlife Rescue is the largest wildlife rescue & rehabilitation charity in Australia. It is a non-profit organisation providing rescue and rehabilitation for all native Australian fauna. All animal rescuers and carers are volunteers. It is funded by public donations and operates throughout the most populous Australian state, New South Wales.
The Consumers' Federation of Australia (CFA) is Australia's umbrella consumer advocacy group.
Patrick Joseph McClure, AO is an Australian executive who advises governments on welfare reform, social policy, charity regulation and impact investment. He is a company director and a former chief executive officer of Mission Australia and the Society of Saint Vincent de Paul (NSW/ACT).
Laws regulating nonprofit organizations, nonprofit corporations, non-governmental organizations, and voluntary associations vary in different jurisdictions. They all play a critical role in addressing social, economic, and environmental issues. These organizations operate under specific legal frameworks that are regulated by the respective jurisdictions in which they operate.
David John Bradbury is an Australian former politician. He was a Labor member of the Australian House of Representatives, representing the Division of Lindsay, in New South Wales, from 2007 until 2013. Bradbury was the Minister for Competition Policy and Consumer Affairs, Assistant Treasurer, Minister Assisting for Financial Services and Superannuation, and Minister Assisting for Deregulation. He is currently the Head of Tax Policy and Statistics at the Organisation for Economic Co-operation and Development's Centre For Tax Policy and Administration.
AVCon is an Australian anime and video games festival held annually in Adelaide, South Australia. It is the largest combined anime and gaming festival in the Southern Hemisphere.
The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom. It operates independently of the UK Government and is financed by charging fees to members of the financial services industry. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom.
The Fundraising Regulator is the independent regulator of charitable fundraising in England, Wales and Northern Ireland.
Equity crowdfunding is the online offering of private company securities to a group of people for investment and therefore it is a part of the capital markets. Because equity crowdfunding involves investment into a commercial enterprise, it is often subject to securities and financial regulation. Equity crowdfunding is also referred to as crowdinvesting, investment crowdfunding, or crowd equity.
Charity assessment is the process of analysis of the goodness of a non-profit organization in financial terms. Historically, charity evaluators have focused on the question of how much of contributed funds are used for the purpose(s) claimed by the charity, while more recently some evaluators have placed an emphasis on the cost effectiveness of charities.
In Australia, charitable investment fundraisers (CIF) are not-for-profit entities with charitable purposes that take deposits from the public to finance those charitable purposes. CIFs may apply for an exemption from the requirement to hold an Australian Financial Services Licence (AFSL) if the “financial products” they provide is limited to the issue of debentures or the running of managed investment schemes. For example, the solicitation of secured loans that are paid back with interest are considered debentures. Such deposit taking entities have since 2003 also been exempted from certain requirements of the Banking Act 1959.
The Charities Regulator is the operational name of the Charities Regulatory Authority, the statutory authority responsible for the regulation of charities in Ireland. The organisation is made up of a board, with four sub-committees, and as of 2019, a staff of 38, including a chief executive.
The Consumer Data Right is the name of a legislative, regulatory, and standards framework for consumer data portability in Australia. This framework has been created and introduced by the Australian Government, which is implementing the framework on a sector-by-sector basis.