Commonwealth Consolidated Acts

AUSTRALIAN CHARITIES AND NOT-FOR-PROFITS COMMISSION ACT 2012 - SECT 50.5

  (1)   The object of this Division is to give the public (including donors, members and volunteers of registered entities) confidence that:

  (a)   funds sent outside Australia by registered entities :

  (i )   are reaching legitimate beneficiaries; and

  (ii )   are being used for legitimate purposes; and

  (iii )   are not contributing to terroris t, or other criminal , activities; and

  (b)   activities engaged in outside Australia by registered entities are not contributing to terrorist, or other criminal , activities.

  (2)   This Division achieves that object by setting up a system to allow the regulations to specify standards:

  (a)   with which an entity must comply in order to be come registered under this Act, and to remain entitled to be registered under this Act; and

  (b)   regulating funds sent outside Australia by registered entities, and activities engaged in outside Australia by registered entities .

Note 1:   The main consequence of failure to comply with these standards is a loss of the entity's entitlement to registration. Such a failure to comply may also result in enforcement action under Chapter   4.

Note 2:   For the consequences of registration, see section   20 - 5 .

Note 3:   A registered entity must notify the Commissioner of significant non - compliance with these standards that results in the entity no longer being entitled to be registered (see section   65 - 5 ).