The start date for the ACNC has been postponed by three months. But there are still many questions surrounding the NFP reform process. When will charities have to start reporting to the ACNC? Which member of the government has carriage of the reform process? And will the legislation reflect a change of approach as recommended by stakeholders?
For many years the Not-For-Profit (NFP) sector has sought its own dedicated regulator and as of 1 July 2012 it will have one when the Australian Charities and Not-for-Profits Commission (ACNC) comes into effect. So far so good. But here comes the tricky bit.