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APRA moves to tighten prudential oversight over financiers and religious and charitable funds operators.

Hunt & Hunt
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Australia
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May 2 2013

At present, these entities are exempt from the need to be authorised as deposit-taking institutions ("ADIs"). These exemptions are generally

What's in a name? The new definition of charity.

Hunt & Hunt
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Australia
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April 19 2013

The definition is contained in the Charities Bill 2013 and is expected to commence on 1 January 2014. The Bill seeks to define both charity and

The Australian Charities and Not-for-profits Commission (ACNC) gets some grunt

Hunt & Hunt
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Australia
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March 18 2013

For many in the charities sector, the actual transition to the ACNC and its register has been straightforward. "What was all the fuss about?" you

Tax talk time: discussion paper released on tax concessions for not-for-profits

Hunt & Hunt
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Australia
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November 19 2012

The Assistant Treasurer David Bradbury said "the Working Group was established in February 2012 to examine the current range of tax concessions and whether there are fairer, simpler and more effective ways of delivering the current envelope of support

Victoria and South Australia lead the way

Hunt & Hunt
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Australia
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November 5 2012

Victoria and South Australia are leading the way on state reform in attempting to reduce red tape for not-for-profits in light of the implementation of the ACNC

ASIC annual review fees

Hunt & Hunt
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Australia
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November 5 2012

Recently, Assistant Treasurer David Bradbury announced that registered charities which are corporations will no longer have to pay annual ASIC fees

Australian Charities and Not-for-profits Commission (ACNC) now set to be a reality

Hunt & Hunt
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Australia
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November 5 2012

The Bill was amended to adopt the majority of the recommendations contained in three committee reports which were undertaken throughout August and September 2012 by the House of Representatives Standing Committee on Economics, the Parliamentary Joint Committee on Corporations and Financial Services and the Senate Standing Committee on Community Affairs

Delayed: the ACNC waiting game continues

Hunt & Hunt
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Australia
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September 25 2012

The Australian Charities and Not-for-profit Commission’s (ACNC) scheduled start date of 1 October 2012 has been delayed

Magic pudding the ACNC’s Implementation Report

Hunt & Hunt
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Australia
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June 28 2012

On 12 June, the Australian Charities and Not-for-Profits Commission Implementation Taskforce released its Implementation Report, setting out the ACNC’s regulatory approach in five key action areas

Review of not-for-profit governance arrangements

Hunt & Hunt
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Australia
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January 5 2012

As previously advised, the Government is introducing significant changes to the not-for-profit sector including the establishment of the Australian Charities and Not-for-profits Commission (ACNC), due to commence on 1 July 2012