Commonwealth Consolidated Acts

AUSTRALIAN CHARITIES AND NOT-FOR-PROFITS COMMISSION ACT 2012 - SECT 60.3

  (1)   The object of this Division is to promote:

  (a)   the transparency and accountability of registered entities; and

  (b)   the reduction of reporting obligations of registered entities under other Australian laws.

  (2)   The Division does this by requiring registered entities to provide information to the Commissioner that:

  (a)   relates to this Act or the taxation law; and

  (b)   the Commissioner:

  (i)   will use for the purposes of this Act; or

  (ii)   may pass on to other Australian government agencies, removing the need for those agencies to require the information from the registered entities; or

  (iii)   will make publicly available by publishing it on the Register.

Note 1:   Other Australian laws provide that giving information to the Commissioner in accordance with this Act satisfies the reporting requirements of those laws.

Note 2:   Division   40 limits the information the Commissioner may publish on the Register.

  (3)   The requirements this Division places on a registered entity are proportional to the size of the registered entity.