"In what is an historic week for the Charity and Not-for-profit (NFP) sector, it is my great pleasure to officially welcome you to the Australian Charities and Not-for-profits Commission (ACNC)."
Susan Pascoe AM, Commissioner Designate3 December 2012
Australian Charities and Not-for-profits Commission
The Australian Charities and Not-for-profits Commission (ACNC) is the independent national regulator of charities. The ACNC has been set up to achieve the following objects:
- maintain, protect and enhance public trust and confidence in the sector through increased accountability and transparency
- support and sustain a robust, vibrant, independent and innovative not-for-profit sector
- promote the reduction of unnecessary regulatory obligations on the sector.
The Australian Charities and Not-for-profits Commission (ACNC) registers organisations as charities. Registration as a charity is voluntary. However, your organisation must be registered with the ACNC before it can receive any charity tax concessions from the Australian Taxation Office (ATO). It must also be registered to be eligible for other Commonwealth concessions, benefits or exemptions available to charities.
Click here for more information on the ACNC and how your organisation may interact with this new regulatory body.
Update direct from the ACNC Commissioner
23rd November 2012
Existing charities endorsed by the Australian Taxation Office (ATO) to receive tax concessions
Existing charities endorsed by the ATO to receive tax concessions will not need to do anything to register with the ACNC. As part of a mail-out to all existing charities, after their establishment the ACNC will also send these charities a letter asking for confirmation of existing details.
Existing charities currently not receiving tax concessions
Some existing charities may have chosen not to apply to the ATO for endorsement to receive charity tax concessions. This doesn't mean you cannot register your charity with the ACNC. In fact we encourage these charities to register once the ACNC is operational as there are a number of benefits in doing so.
If your organisation is a new charity and you do not wish to apply for endorsement to receive charity tax concessions from the ATO you do not need to register with the ACNC. However, the ACNC will be happy to register your charity. This will provide your charity with the benefits mentioned above.
Not-for-profits which are not charities
There are many not-for-profits operating in Australia who are not charities. If your organisation is a not-for-profit that is not a charity, you do not need to register with the ACNC.
Religious charities that were previously recognised (endorsed) as charities by the Australian Taxation Office (ATO), to receive charity tax concessions will be automatically registered with the ACNC on its establishment.
Click here for the full update.