Commonwealth Numbered Acts

AUSTRALIAN CHARITIES AND NOT-FOR-PROFITS COMMISSION ACT 2012 (NO. 168, 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 terrorist, 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 become 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).