The Australian Charities and Not-for-profits Commission Bill 2012 and the Australian Charities and Not-for-profits Commission (Consequential and Transitional) Bill 2012 have been passed by the House of Representatives.
The bills have been sent to the Senate for debate.
UPDATE 21 September 2012: The Assistant Treasurer has announced that the proposed 1 October 2012 date for the commencement of the Australian Charities and Not-for-profits Commission (ACNC) will be delayed until the Bills are passed by the Senate in October.
According to the Assistant Treasurer, the short delay to the commencement date will not have a material impact on the sector with the governance standards, including the external conduct standards, and the financial reporting framework not commencing until 1 July 2013 and the first financial reports for medium and large registered entities not falling due until after 1 July 2014.
