Penny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

I do not really like tabling these notes, per se. I can read it:

The change will benefit many organisations that will be registered with the ACNC and are recipients of grants from Commonwealth agencies and departments. These changes will state that agency staff should not seek information from grant applicants and grant recipients that is collected by other inter-Commonwealth entities and is available to agency staff. In particular, they will provide that agency staff must not request information already provided to the ACNC by an organisation regulated by it. The changes also state that when determining whether acquittal reporting requirements are required for a grant, agency staff must have regard to information collected by regulators, such as the ACNC. The changes will state that if an entity provides an annual audited financial statement to the ACNC then a grant acquittal should not be required, unless the nature of the activity for which the grant was being provided is regarded as high risk.

I am advised also—I think I made reference to this—that the ACNC has undertaken to develop and make public a red-tape reduction time line and plan, and the annual report of the commission to parliament will also provide details of performance against this time line.