Supplementary Explanatory Memorandum
(Circulated by authority of the Assistant Minister for Competition, Charities and Treasury, the Hon Dr Andrew Leigh MP)General outline and financial impact
Parliamentary amendments to Schedule 3 - DGR registers reform
Outline
The parliamentary amendments to Schedule 3 to the Bill ensure existing overseas aid funds eligible for endorsement as DGRs remain eligible under the new requirements.
Date of effect
The amendments will commence on the first 1 January, 1 April, 1 July or 1 October after the date of Royal Assent (as per general tax measures). The measures will apply six months after Royal Assent to facilitate the machinery of government changes necessary to administer the changes.
Financial impact
Nil.
Human rights implications
The parliamentary amendments do not raise any human rights issues. See Statement of Compatibility with Human Rights - Chapter 3.
Compliance cost impact
The parliamentary amendments ensure existing DGRs remain eligible as DGRs as intended, meaning there will be no additional compliance cost for affected DGRs.