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NFP reform agenda, and the role of the Australian Charities and Not-for-profits Commission

NFP reform agenda, and the role of the Australian Charities and Not-for-profits Commission. David Locke Assistant Commissioner Charity Services 28 July 2012. Who will the ACNC regulate?. Existing charities that currently access Commonwealth tax concessions

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NFP reform agenda, and the role of the Australian Charities and Not-for-profits Commission

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  1. NFP reform agenda, and the role ofthe Australian Charities and Not-for-profits Commission David Locke Assistant Commissioner Charity Services 28 July 2012

  2. Who will the ACNC regulate? • Existing charities that currently access Commonwealth tax concessions • Existing and new charities that want to apply for Commonwealth tax concessions and other benefits • 56,000 charities, 10% of broader NFP sector • Possibly other types of NFPs but not before 2014

  3. ACNC functions • Registration • Reporting – Charity Passport, ‘Report once, use often’ • Information Portal – ‘One-stop shop’ for charities and public • Education and Advice • Compliance

  4. What does this mean for charities? Charities endorsed by the ATO will be automatically registered with ACNC from 1 October 2012 Ongoing eligibility will be reviewed following passage of the new charities definition legislation (1 July 2013) Annual information statement (initially only non-financial information) required of all registered charities from 1 July 2013 Financial reporting required for medium and large charities for period commencing 1 July 2014

  5. What does this mean for charities? To reduce the compliance burden, core information will be provided to other Australian Government agencies via a Charity Passport (report once, use often) Searchable information on charities will be available to the public through Information Portal from 1 July 2013 Charities will be able to use the Portal as a one stop shop and have a free online presence Additional, tailored support will be available to charities

  6. Education and advice • Provide information, guidance and education via: • ACNC website including multi-media resources • Trained staff (email, telephone and social media) • Aim to: • Explain the role of the ACNC and the new regulatory requirements for charities • Help the public learn more about charities and the ACNC

  7. www.acnc.gov.au

  8. Registering charities Online smart form to collect: • Information to assess an organisations eligibility to become a registered charity • Information to display on the public portal • Information to enable the Tax Office to assess an organisations eligibility for tax concessions

  9. Register a charity Online smart form

  10. Public Register

  11. Thank you Email: David.Locke2@ato.gov.au ACNCtaskforcemailbox@ato.gov.au Website: http://acnctaskforce.treasury.gov.au YouTube: http://www.youtube.com/acnctaskforce Twitter: @ACNCtaskforce Facebook: http://www.facebook.com/acnctaskforce?sk=wall

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