Bill d’Apice
18 December 2013

Draft Governance Standards and Financial Reporting Regulations Released

Bill d’Apice


Tel: 02 9233 9013

Mob : 0411 825 814



Charities and Not-For-Profits


Corporate and Commercial

Pro Bono and Corporate Social Responsibility

Yesterday the Government released the draft Governance Standards and Financial Reporting Regulations (together, the Regulations)as part of the reforms to follow the newly operational Australian Charities and Not-for-Profits Commission (ACNC). The Consultation Paper on the Governance Standards can be accessed here; and the Draft Regulation and Explanatory Material on Financial Reporting here. or 13 ACNC (13 2262). Furthermore, an online forum hosted by the Department of Prime Minister and Cabinet at will provide an additional method to contribute.

Every charity registered under the ACNC (with the exception of Basic Religious Charities) will be required to comply with the Regulations. Stay tuned for our summary and initial comments on the Regulations in the following weeks.

Merry Christmas and safe holidays.

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