On 16 June 2014, the Senate Economic Legislations Committee tabled its report into the Charities and Not-for-profits Commission (Repeal) (No. 1) Bill 2014 (Cth), which proposes to abolish the Australian Charities and Not-for-profits Commission.

The Committee’s report, led by the Coalition, recommended the Bill be passed, commenting that the abolition of the ACNC would relieve the regulatory burden for many charities. The report also endorsed the establishment of the National Centre of Excellence, together with the two-staged abolition process, which the Committee commented would provide certainty to the sector regarding the future of the ACNC while allowing the details to be finalised in consultation with stakeholders. However, dissenting reports by Labor and Greens Senators have recommended that the Bill not proceed.

More than 150 submissions were received by the Committee, with over 80% opposing the abolition of the ACNC.

To view our full alert on the Bill, click here.

To view the report (including the dissenting reports), click here.