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- ACNC welcomes new funding in Federal Budget to enhance regulatory transparency
ACNC welcomes new funding in Federal Budget to enhance regulatory transparency
The Australian Charities and Not-for-profits Commission (ACNC) has welcomed the allocation of funding in the 2023-24 Federal Budget to allow the ACNC to disclose information about certain regulatory activities.
This amounts to $2.9 million over the next four years, with $600,000 per year after that on an ongoing basis.
ACNC Commissioner Sue Woodward AM said this important reform will foster enhanced trust and confidence in the charity sector.
‘This will help us be a more effective regulator. It will involve the ACNC publishing deidentified reasons for decisions to accept or refuse applications for registration of charities where these reasons are of educational benefit to the wider charity sector,’ Ms Woodward said.
Taken from Australian Charities and Not-for-profits Commission (ACNC) Media Release on 11 May 2023.