Last week, on 23rd August, the revised Australian Charities and Not-for-profits Commission Legislation was introduced to Federal Parliament.
The legislation has subsequently been referred to the Senate Standing Committee on Community Affairs and the Parliamentary Joint Committee on Corporations and Financial Services. The reasons for the referral are;
- There have been significant changes to the not-for-profit and charity sector in Australia.
- The legislation needs a long detailed inquiry with opportunity for hearings throughout Australia from a wide range of not-for-profit and charity groups.
- Referral of exposure draft to the Standing Committee on Economics for a rushed inquiry over the winter recess revealed significant concerns from the charity and not-for-profit sector.
- The legislation requires further and more detailed consideration.
Feedback can be given on the changes from the initial legislation and is due by 30th August. The committees are due to report back on 12th September, 2012.