Charities Secure ASIC Exemption

Charities have secured an exemption from paying the new Australian Securities and Investments Commission (ASIC) levy, ensuring fee-free regulation for all charities.

It was announced on Friday that entities registered under the Australian Charities and Not-for-profits Commission Act 2012 would be exempt from the ASIC Supervisory Cost Recovery Levy Act 2017, which could have seen them parting with $321 in administrative costs.

It comes after the sector raised concerns the levy would impose an “unfair burden” on ACNC-registered charities.

To view the full Pro Bono article, click here.

Let us keep you up-to-date

Subscribe to the NFPAS email newsletter to receive not for profit industry news and special updates.