Key Documents
The existing Australian Charities and Not‑for‑profits Commission Regulation 2013, which outline the requirements of the Australian Charities and Not‑for‑profits Register, the governance standards and external conduct standards applying to charities registered with the Australian Charities and Not‑for‑profits Commission and requirements for registered charities’ annual financial reports, are scheduled to automatically sunset on 1 April 2023.
The draft Australian Charities and Not‑for‑profits Commission Regulations 2022 (the ‘draft Regulations’) propose to remake the Regulations, with minimal changes to the substantive requirements and inclusions.
The changes made by the draft Regulations are minor amendments to reflect current drafting practice, improve clarity, and to remove provisions, such as transitional reporting arrangements, that are no longer required.
The community’s views are sought on the draft Regulations and Explanatory Statement.