On Friday July 6, 2012 the Assistant Treasurer the Hon. David Bradbury MP and the Minister for Social Inclusion the Hon. Mark Butler MP released the second exposure draft of the legislation to establish the first independent regulator for the charity and not-for-profit sector in Australia, the Australian Charities and Not-for-profits Commission (ACNC). With the legislation referred to the House of Representatives Standing Committee on Economics for inquiry, over 65 submissions received and two days of public hearings now complete, CCA’s CEO David Crosbie comments on the journey so far…
It has been a long time coming – the independent regulator for the NFP sector is almost here – but it has been a rather potholed journey.