The ACNC has published a regulatory approach statement that explains how they will approach regulatory work. The regulatory approach
statement was revised following a public consultation on a preliminary version of the statement.
The ACNC will use its powers in a way that reflects both the risks and the evidence before them. They will begin by assuming that people
involved in charities are acting honestly, give people a chance to address their concerns, and use the least intrusive powers that are sufficient to address those concerns. They will act firmly and quickly in cases where gross negligence or serious misconduct has been established, or where vulnerable people or significant charitable assets are at risk.
The ACNC state that when deciding whether to use our powers and make decisions, they will consider the following factors:
- the type of problem
- what or who is at risk (for example, whether it affects people, money or public trust and confidence generally)
- nature and degree of potential harm
- likelihood and frequency of occurrence or recurrence
- risk profile of the charity (for example, the size of a charity, the existence of accountability mechanisms, its history of compliance and
- behaviour of those responsible for the charity.
The full details on the regulatory approach can be downloaded HERE