Senate debates Bills

Australian Charities and Not-for-profits Commission Bill 2012, Australian Charities and Not-for-profits Commission (Consequential and Transitional) Bill 2012; In Committee


Penny Wong

Penny Wong SA, Australian Labor Party, Minister for Finance and Deregulation

11:09 am

Yes, I am advised that that is the case. There is no carve out, as I understand it, for the statutory review. The thresholds would therefore fall within its purview. I also refer the senator to page 3 of the revised EM, which sets out the financial impact of the establishment of the ACNC.

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