No more ASIC annual review fees for charities

The Australian Charities and Not-for-profits Commission (ACNC) commenced yesterday as the specialist regulator for charities operating in Australia. The introduction of the ACNC will affect the way charities interact with other regulatory bodies, including the Australian Securities and Investments Commission (ASIC). The ACNC and ASIC have been working together to ensure a smooth transition to the ACNC for charities that are registered with ASIC as companies or registered bodies. .