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Australian Charities and Not-for-profits Commission (Consequential and Transitional) Bill 2012

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2010-2011-2012

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

Australian Charities and Not-for-profits Commission (Consequential and Transitional) Bill 2012

 

 

( 1 )     Schedule  1 , item  10 , page 12 (before line 12) , before subitem ( 1 ), insert:

Statements etc. given under other Australian laws

[schools assistance reports]

( 2 )     Schedule  1 , item  10 , page 13 (after line 4) , after subitem ( 3 ), insert:

Financial reports given under the Schools Assistance Act 2008

(3A)     The Commissioner must treat a report (or reports) given to the Minister as mentioned in section 24 of the Schools Assistance Act 2008 that cover the financial operations of a registered entity for a financial year (whether or not the report (or reports) also cover the financial operations of other entities) as being the reports mentioned in section 60-10 of the ACNC Act for a financial year given to the Commissioner by the registered entity in accordance with Subdivision 60-C (Annual financial reports) or 60-D.

Financial years to which this item applies

[schools assistance reports]

(3)     Schedule 1, item 10, page 13 (line 14), after “subitems (1)”, insert “, (3A)”.

[schools assistance reports]

( 4 )     Schedule  3 , page 80 (before line 10) , before item  3 , insert:

2A  Subsection 8AAB(4) (after table item 3)

Insert:

3A

175-65

Australian Charities and Not-for-profits Commission Act 2012

payment of administrative penalty

[administrative penalties]

( 5 )     Schedule  3 , page 81 (after line 25) , after item 14, insert:

14A  Subsection 250-10(2) in Schedule 1 (after note 3)

Insert:

Note 4:       Penalties under Division 175 of the Australian Charities and Not-for-profits Commission Act 2012 , and related general interest charge, are treated in the same way as tax-related liabilities: see subsection 175-70(2) of that Act.

[administrative penalties]

( 6 )     Schedule  3 , item  24 , page 87 (lines 26 to 32) , omit subsection 111N ( 3 ), substitute:

             (3)  For the purpose of subsection 601DH(2), the body corporate is treated as having given ASIC on a day written notice of a change to its name if, on that day, the body corporate gives the Commissioner of the ACNC, in accordance with the Australian Charities and Not-for-profits Commission Act 2012 , notice of the change.

             (4)  The Commissioner must give a copy of the notice to ASIC.

[ASIC notices]