An Options Paper released by the Department of Social Services last month confirms the government’s intention to abolish the Australian Charities and Not-for-profits Commission (ACNC), returning some of the regulatory functions to the ATO and ASIC and supporting a self-reporting public accountability framework. The submission period for comments on the July Options Paper (1), closed on 20 August 2014.

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(1) Options Paper – Australia’s Charities and Not-for-profits. Options for Replacement Arrangements following the abolition of the Australian Charities and Not-for-profits Commission. July 2014. Available at www.dss.gov.au.