22nd November 2012
The House of Representatives agreed to the senate amendments to the Australian Charities and Not for Profit Commission (ACNC) Bills on Thursday 1 November 2012. The Bills are currently awaiting Royal Assent. Described as an “historic day” by the Hon David Bradbury MP, Assistant Treasurer the Bills establish the Australian Charity and Not For Profit Commission as an independent national regulator for charities. The Government will announce the commencement date in the coming weeks however, it is expected the start date for the new regulator will be December 2012.