King & Wood Mallesons

Asia-Pacific 100 position: 3

Coalition to abolish the Australian Charities and Not-for-profits Commission

The Coalition announced before the election that it will undertake a major reform of the not-for-profit sector.

The key components of the new government’s policy on the non-profit sector are as follows. In the Coalition’s view, the Australian Charities and Not-for-profits Commission (ACNC), a Labor Party initiative to provide a central regulatory body for the not-for-profit sector, has increased the bureaucratic and administrative demands on the sector without achieving the desired results.

The new government proposes to abolish the ACNC and return all regulatory powers to the Australian Taxation Office (ATO), the Australian Securities and Investments Commission (ASIC) and other bodies that held those powers previously…

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