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06 Dec 2012

ACNC Act now in operation!

by Simon Bowden

As of 3 December 2012, the legislation to implement a new regime for charities in Australia in effect.

As we expected, the legislation to implement a new regime for charities in Australia has now come into effect very soon after its passage through Parliament.

The Australian Charities and Not-for-profits Commission Act 2012 and the Australian Charities and Not-for-profits Commission (Consequential and Transitional) Act 2012 were assented to on Monday 3 December, and the majority of the Acts came into operation immediately upon that assent.

The Australian Charities and Not-for-profits Commissioner has also started operating.

 

 

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Clayton Utz communications are intended to provide commentary and general information. They should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this communication. Persons listed may not be admitted in all States and Territories.