An Overview of the Australian Charities and Not For Profits Commission
The Australian Charities and Not For Profits Commission, also otherwise known as ACNC, is the chief authority to regulate charity organizations and not-for-profits in Australia.
Its primary mandate is three-fold:
1. To register
charities and not for profit organizations
2. To make
sure they are compliant with the Australian legal requirements
3. To maintain
a publicly available register of all member organizations
One of its major goals is to
instil, safeguard and augment the public’s faith in the Australian charity
organizations. It aims to do so while also lending its support towards
sustaining a strong and active not for profit sector that is free from outside
influence and functions in the spirit of innovation. It also seeks to minimize
the regulatory red tape in the not for profit sector.
The ACNC also looks after providing
regulatory oversight for all the fundraising activities carried out by
Australian charity organizations. It is ACNC’s responsibility to make sure that
the charities and not for profits are not misrepresenting, unscrupulous and
acting in an immoral or illegal manner.
The ACNC was founded in December
2012 under the provisions of the federal Australian Charities and not for
profits commission act 2012.
Over the last few years, there has
been quite a few reports of questionable practices by some sectors of the not
for profit industry, and ACNC, by virtue of its foundation and mission has
majorly contributed to the transformation of the not for profit sector into one
that has found trust among the public. In doing so, the ACNC continues to
fulfill its mandate.
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