The Government has released exposure draft legislation and explanatory materials for the establishment of the ACNC.

Submissions on the exposure draft materials close on 20 January 2012. In order for the ACNC to commence by 1 July 2012, legislation for the ACNC needs to be ready to be introduced into Parliament in the first quarter of 2012.

A discussion paper has also been released by the Implementation Taskforce for the ACNC, which seeks feedback on the design and implementation of the new reporting framework for charities that will be administered by the ACNC. The Discussion Paper contains mock-ups of what an ACNC registration form might look like and the annual information statements. Consultation on the discussion paper closes on 27 February 2012.