Australian Charities and Not-for-profits Commission Act 2012 (Cwth)

CHAPTER 3 - RESPONSIBILITIES OF REGISTERED ENTITIES  

PART 3-2 - RECORD KEEPING AND REPORTING  

Division 60 - Reporting  

Subdivision 60-AA - Object of this Division  

SECTION 60-3   OBJECT OF THIS DIVISION  

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.

60-3(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.

60-3(3)    
The requirements this Division places on a registered entity are proportional to the size of the registered entity.