ARTICLE
20 March 2013

ACNC Regulatory Approach Statement consultation feedback

MA
Moore Australia
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The ACNC has released the results of the community consultations and surveys on its ACNC Regulatory Approach Statement.
Australia Corporate/Commercial Law
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Over the past couple of months, ACNC has been consulting with the Sector through a range of forums including community consultations and on line surveys on its regulatory approach statement.

Click here to download ACNC Regulatory Approach Statement for consultation.

The ACNC has released the results of this consultation which are summarised below:

  • 80-90% of respondents agreed with the statements in the ACNC regulatory approach
  • The respondents were overwhelmingly supportive of the presumption of honesty by both Charities and their responsible entities when dealing with the ACNC
  • The majority of respondents supported the proposed regulatory approach and felt the statements in the consultation clarified the role of the ACNC.

There was a significant level of qualitative comments collected through the survey of over 250 participants. The comments were diverse and highlighted a number of practical insights, areas requiring clarification and both consistency and diversity in the insights into the views of the respondents on various aspects. We would encourage the ACNC to consider this qualitative feedback in other aspects of its role in particular its objectives of red tape reduction and education.

Following analysis of feedback the ACNC will finalise its Regulatory approach statement in April 2013. We will update you on the final statement once it has been released.

This publication is issued by Moore Stephens Australia Pty Limited ACN 062 181 846 (Moore Stephens Australia) exclusively for the general information of clients and staff of Moore Stephens Australia and the clients and staff of all affiliated independent accounting firms (and their related service entities) licensed to operate under the name Moore Stephens within Australia (Australian Member). The material contained in this publication is in the nature of general comment and information only and is not advice. The material should not be relied upon. Moore Stephens Australia, any Australian Member, any related entity of those persons, or any of their officers employees or representatives, will not be liable for any loss or damage arising out of or in connection with the material contained in this publication. Copyright © 2011 Moore Stephens Australia Pty Limited. All rights reserved.

ARTICLE
20 March 2013

ACNC Regulatory Approach Statement consultation feedback

Australia Corporate/Commercial Law
Contributor
Moore Australia logo
Moore Australia part of a global network of offices, providing auditing and financial reporting services, advising local, national and international clients in the public and private sectors. Moore Australia generates annual revenues in the region of $80m. Moore Australia is part of the Moore Global network and has 14 offices with over 450 people nationwide. Moore Australia has extensive experience in state and local government, biotechnology, energy mining and renewables, health and aged care, education, manufacturing, not for profit, property and construction, retail and tourism and hospitality and has a strong presence in the following service lines: Asia Desk, Audit & Assurance, Business Advisory, Taxation, Corporate Finance, Governance and Risk Advisory.
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