Latest Articles

Summary – Update:  Local Councils, Church, Charities and Not-For-Profit Groups who purchased complex financial products from Lehman Brothers are set to vote on a settlement proposal to get up to half their money back from liquidators of the failed investment bank. You may recall we posted a blog article in October 2012 titled “Lehman Brothers class action – a win for NFPs” regarding the representative proceedings or ‘class action’ filed on behalf of 75 Councils, Charities,…
Summary – On 8 April the Federal Government released an exposure draft of the Charities Bill 2013 and Charities (Consequential Amendments and Transitional Provisions) Bill 2013 for consultation. The Government has released for comment a draft exposure of the Charities Bill 2013 which will introduce the long awaited statutory definition of “charity”. In Australia, there is presently no statutory definition of “charity” and its interpretation has evolved through common law interpretation of the English Statute…
Summary – The ACT has followed the move by South Australia to sign up to the ACNC legislative framework.  Who will be next? It has been announced that the Australian Capital Territory (ACT) will be signing up to the Australian Charities and Not-For-Profit Commission (ACNC) regulatory framework by making changes which will carve out the charities registered by the ACNC from regulatory requirements under relevant ACT legislation. The ACT is the second Australian State or…
Summary – The ACNC has conducted a consultation of its regulatory approach…. and the results are now in. The Australian Charities and Not-For-Profits Commission (ACNC) conducted a public consultation between December 2012 and 1 March 2013 on its preliminary regulatory approach statement.  The consultation has now closed and over 250 people provided feedback through either an online survey, written submissions or via the phone-in day which was held on Wednesday 20 February. The main purpose…
Summary – The Government has released revised Commonwealth Grant Guidelines for the Not-For-Profit sector in an attempt to reduce red tape and improve collaboration between Government and the Not-For-Profit sector. The Government has released revised Commonwealth Grant Guidelines for the Not-For-Profit sector. Grants are widely used by the Government to achieve government policy objectives, involving the payment of billions of dollars each year to the non-government sector.  The Commonwealth Grant Guidelines are issued by…