This Act establishes a regulatory system for not - for - profit entities.

This Act establishes a national regulator for not - for - profit entities. The regulator is the Commissioner of the Australian Charities and Not - for - profits Commission (the ACNC).

The Commissioner is responsible for registering entities as not - for - profit entities according to their type and subtypes. Registration with the ACNC is a necessary precondition for access to certain Commonwealth taxation concessions. Registration under this Act may also be a prerequisite for other exemptions, benefits and concessions provided under other Australian laws.

The Commissioner of the ACNC will cooperate with other government agencies to oversee a simplified and streamlined regulatory framework for not - for - profit entities.

The Commissioner of the ACNC will provide information to help the public understand the work of the not - for - profit sector and to support the transparency and accountability of the sector.