Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The object of this Division is to give the public (including donors, members and volunteers of registered entities) confidence that:
(a) funds sent outside Australia by registered entities:
(i) are reaching legitimate beneficiaries; and
(ii) are being used for legitimate purposes; and
(iii) are not contributing to terrorist, or other criminal, activities; and
(b) activities engaged in outside Australia by registered entities are not contributing to terrorist, or other criminal, activities.
(2) This Division achieves that object by setting up a system to allow the regulations to specify standards:
(a) with which an entity must comply in order to become registered under this Act, and to remain entitled to be registered under this Act; and
(b) regulating funds sent outside Australia by registered entities, and activities engaged in outside Australia by registered entities.
Note 1: The main consequence of failure to comply with these standards is a loss of the entity's entitlement to registration. Such a failure to comply may also result in enforcement action under Chapter 4.
Note 2: For the consequences of registration, see section 20 - 5.
Note 3: A registered entity must notify the Commissioner of significant non - compliance with these standards that results in the entity no longer being entitled to be registered (see section 65 - 5).