It is expected from 1 July 2013, governance and external conduct standards and financial reporting obligations to the Australian Charities and Not-for-profits Commission (ACNC) start.

This will mean if you are a company limited by guarantee and also a charity from the date your company is registered with the ACNC some of your current reporting obligations to ASIC no longer apply.

Both the ACNC and ASIC websites have more information.