Second Reading Speech
Mr Bradbury (Assistant Treasurer and Minister Assisting for Deregulation)I move:
That this bill be now read a second time.
This bill accompanies the Australian Charities and Not-For-Profits Commission Bill 2012. This bill makes changes to the Commonwealth statute book necessary to give effect to the Australian Charities and Not-For-Profits Commission. It also provides transitional arrangements for entities to be transitioned smoothly to the new regulatory regime.
The Ministerial Council for Corporations has been consulted and has approved the amendments to the Corporations Act 2001 contained in this bill.
I commend the bill to the House.
Debate adjourned.
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