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

CHAPTER 3 - RESPONSIBILITIES OF REGISTERED ENTITIES  

PART 3-2 - RECORD KEEPING AND REPORTING  

Division 60 - Reporting  

Subdivision 60-G - Collective and joint reporting  

SECTION 60-100   COMMISSIONER MAY IMPOSE CONDITIONS  

60-100(1)    
The Commissioner may impose conditions on a decision under subsection 60-95(1) or (2) to allow 2 or more registered entities to form a reporting group.

60-100(2)    
The conditions may be imposed at the time of making the decision or at any later time.

60-100(3)    
Without limiting subsection (1) , the conditions may include one or more of the following:

(a)    a condition that certain information in an information statement or financial report be separately identified;

(b)    a condition that additional line items or notes be added to a financial report about the affairs of a particular registered entity (or part thereof);

(c)    conditions relating to how the information statements and financial reports for the reporting group are to be structured for the purposes of subsection 60-95(2) .

Example: A reporting group that includes a deductible gift recipient may be made subject to a condition to include information about deductible donations received, and the spending of those donations, in its annual information statement and notes to its financial reports.

60-100(4)    
The Commissioner may revoke the decision if satisfied that a condition has not been complied with.