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Thursday, 1 November 2012
Page: 12929

Mr BRADBURY (LindsayAssistant Treasurer and Minister Assisting for Deregulation) (09:53): I move:

That the amendments be agreed to.

These amendments will further simplify the transition of entities to the new framework where entities are operating a public benevolent institution or a health promotion charity and the whole of the entity is not such an institution. The amendments will ensure that these entities transition appropriately to the ACNC and both the operated institution of the entity and the remainder of the entity keep the existing concessions that they currently have access to. The amendments provide mechanisms for additional parliamentary scrutiny in relation to the development of governance and external standards and various other measures. Taken together, these amendments will ensure that the framework that we have brought forward will be strengthened and will complement the other measures that will bring into being our new national regulator, the Australian Charities and Not-for-Profits Commission.

Question agreed to.