Australian Charities and Not-for-profits Commission Act 2012 (Cth)

CHAPTER 1 - INTRODUCTION  

PART 1-2 - OBJECTS OF THIS ACT  

Division 15 - Objects of this Act  

SECTION 15-5   OBJECTS OF THIS ACT  

15-5(1)    
The objects of this Act are:

(a)    to maintain, protect and enhance public trust and confidence in the Australian not-for-profit sector; and

(b)    to support and sustain a robust, vibrant, independent and innovative Australian not-for-profit sector; and

(c)    to promote the reduction of unnecessary regulatory obligations on the Australian not-for-profit sector.

15-5(2)    
This Act achieves those objects by:

(a)    establishing a national regulatory framework for not-for-profit entities that reflects the unique structures, funding arrangements and goals of such entities; and

(b)    establishing the Commissioner of the Australian Charities and Not-for-profits Commission, who will:

(i) be responsible for registering entities as not-for-profit entities according to their type and subtypes; and

(ii) administer the national regulatory framework; and

(iii) assist registered entities in complying with and understanding this Act, by providing them with guidance and education.

15-5(3)    
Registration is a prerequisite for an entity to access certain Commonwealth tax concessions.

15-5(4)    
Registration under this Act may also be a prerequisite for other exemptions, benefits and concessions provided under other Australian laws.