Exposure Draft ‰ÛÒ Statutes Amendment (Commonwealth Registered Entities) Bill 2013.

The Department of Treasury and Finance have released their public consultation on the Exposure Draft– Statutes Amendment (Commonwealth Registered Entities) Bill 2013.

The Exposure Draft has been released to propose changes to the Collections for Charitable Purposes Act 1939 and the Associations Incorporation Act 1985.

The amendments will eliminate regulatory duplication for charities fundraising in South Australia if they are formally registered with the Australian Charities and Not-for-profits Commission. The Exposure Draft also includes amendments to the Collections for Charitable Purposes Act 1939 to improve compliance and reporting on which consultation occurred in 2010.

 Key Points

  • Regulatory duplication with the Australian Charities and Not-for-Profits Commission Act 2012 (ACNC Act) will be eliminated for charities fundraising in South Australia if they are registered under the ACNC Act.
  • Charities registered under the ACNC Act and collecting for a charitable purpose in South Australia as defined under the Collections for Charitable Purposes Act 1939 will not be required to hold a licence under the Act and report to Consumer and Business Services (CBS) if they comply with the ACNC’s regulatory requirements.
  • Prescribed associations registered under the ACNC Act and incorporated under the Associations Incorporation Act 1985 will not be required to provide financial reports to CBS in certain circumstances.

Submissions are currently open and should be made before 4 October 2013.

For more details please click here:

http://www.treasury.sa.gov.au/economy/charity-regulation

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