Non-Profit News Service No. 0356 - Not-for-profit reforms update

A range of reforms are underway for the not-for-profit (NFP) sector, including:

  • the establishment of the Australian Charities and Not-for-profits Commission (ACNC) by 1 July 2012
  • the introduction of a statutory definition of charity by 1 July 2013
  • restating the 'in Australia' principle
  • the better targeting of NFP tax concessions measures.

The latest edition of Treasury's NFP reform newsletter, issued on 23 December 2011, included the following updates, recent developments and future developments:

  • extending the closing date for submissions on the exposure draft of the ACNC legislation to 27 January 2012
  • extending the closing date for submissions on the consultation paper on the governance framework for the NFP sector to 27 January 2012
  • the release of a discussion paper on the design of ACNC administrative systems. The closing date for submissions on this paper is 27 February 2012
  • further consultation on the better targeting of NFP tax concessions measures is proposed for early 2012
  • an exposure draft of a proposed definition of charity is due for release for public consultation around mid-2012
  • a second exposure draft for consultation on the 'in Australia' principle is expected in early 2012
  • working with the states and territories towards national regulation for the NFP sector
  • a discussion on the NFP reforms and how they fit together.
Further Information

You can find more information about the NFP reforms on:

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    Last modified: 06 Jan 2012QC 25262