Australian Charities and Not-for-profits Commission Act 2012 (Cwth)
The following is a simplified outline of this Division:
This Division sets up a system to allow the creation of minimum governance standards that entities are required to meet (in order to become registered, and on an ongoing basis). These governance standards are to be set out in the regulations.
Compliance with the governance standards is a condition of entitlement to registration under paragraph 25-5(3)(b) .
The object of the system setting up the standards is to provide a minimum level of confidence that registered entities will promote the effective and efficient use of their resources, will meet community expectations about managing their affairs and the use of public money, volunteer time and donations, and will minimise the risk of mismanagement and misappropriation.
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