ACNC Receives Funding Until 2019

The recently released May 2015 Federal Budget papers have revealed that the Abbott Government is committed to funding the ACNC until at least 2019.

There has not been any proposed reduction to its current funding level and it does not feature on a list of Government Agencies to be abolished or merged. Budget Forward Estimates also provide funding for the 2016/17, 2017/18 and 2018/19 financial years but the ACNC will only continue to operate in its current form whilst the ACNC Act remains in effect, meaning that if the Government removes the Act, then the regulator would no longer exist.

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