ARTICLE
6 February 2013

Not-for-profit Reform Brochure (February 2013 Update)

MA
Moore Australia

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Moore Australia part of a global network of offices, providing auditing and financial reporting services, advising local, national and international clients in the public and private sectors. Moore Australia generates annual revenues in the region of $80m. Moore Australia is part of the Moore Global network and has 14 offices with over 450 people nationwide. Moore Australia has extensive experience in state and local government, biotechnology, energy mining and renewables, health and aged care, education, manufacturing, not for profit, property and construction, retail and tourism and hospitality and has a strong presence in the following service lines: Asia Desk, Audit & Assurance, Business Advisory, Taxation, Corporate Finance, Governance and Risk Advisory.
The ACNC already has over 40 new charities registered, a 'user friendly' website and numerous community presentations.
Australia Corporate/Commercial Law

With the New Year, the ACNC has started strong with over 40 new charities registered, a 'user friendly' website and community presentations across Australia.

All charities in the next few weeks will be contacted by mail and asked to confirm their details. In the new world of ACNC regulation, this will be the first test of how the ACNC will deal with charities and their diversity and challenges.

One of the key tasks of the Commission is to ensure a reduction in red tape for the sector through the implementation of the Charity Passport and other related initiatives (eg 'one stop shop' and red tape reduction). It will be critical that the sector keeps the Commissioner and the Government accountable for the achievement of these goals.

As charities come to term with the practicalities of the new regulator, it is clear that the ACNC will need to be an effective advocate for its position as the regulator of the sector.

The red tape reductions within its objects and the competing statutory obligations of various federal and state organisations will become practical challenges for the ACNC as it navigates its way through the existing environment.

Attachments

Not-for-profit Reform Brochure (February 2013 Update)

This publication is issued by Moore Stephens Australia Pty Limited ACN 062 181 846 (Moore Stephens Australia) exclusively for the general information of clients and staff of Moore Stephens Australia and the clients and staff of all affiliated independent accounting firms (and their related service entities) licensed to operate under the name Moore Stephens within Australia (Australian Member). The material contained in this publication is in the nature of general comment and information only and is not advice. The material should not be relied upon. Moore Stephens Australia, any Australian Member, any related entity of those persons, or any of their officers employees or representatives, will not be liable for any loss or damage arising out of or in connection with the material contained in this publication. Copyright © 2011 Moore Stephens Australia Pty Limited. All rights reserved.

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