Document ID: chunk:federal_register_of_legislation:C2025C00139:section:14:p7
Version: federal_register_of_legislation:C2025C00139
Segment Type: section
Provision Reference: s 14 (pt 7/66)
Character Range: 46637–49663

public interest in the Register including the information outweighs the likely adverse effect of the relevant circumstance or circumstances set out in paragraphs (2)(a) to (e).
 (4) The Commissioner may remove information mentioned in paragraph 40‑5(1)(f) from the Register if:
 (a) the information has been on the Register for more than 5 years; and
 (b) the Commissioner considers that the public interest does not require the information to be retained on the Register.

Chapter 3—Responsibilities of registered entities

Part 3‑1—Governance standards and external conduct standards

Division 45—Governance standards

45‑1  Simplified outline
  The following is a simplified outline of this Division:

      This Division sets up a system to allow the creation of minimum governance standards that entities are required to meet (in order to become registered, and on an ongoing basis). These governance standards are to be set out in the regulations.
      Compliance with the governance standards is a condition of entitlement to registration under paragraph 25‑5(3)(b).
      The object of the system setting up the standards is to provide a minimum level of confidence that registered entities will promote the effective and efficient use of their resources, will meet community expectations about managing their affairs and the use of public money, volunteer time and donations, and will minimise the risk of mismanagement and misappropriation.

45‑5  Object of this Division
 (1) The object of this Division is to promote the objects of this Act by giving the public (including donors, members and volunteers of registered entities) confidence that registered entities:
 (a) manage their affairs openly, accountably and transparently; and
 (b) use their resources (including contributions and donations) effectively and efficiently; and
 (c) minimise the risk of mismanagement and misappropriation; and
 (d) pursue their purposes.
Note: The objects of this Act include supporting and sustaining a robust, vibrant, independent and innovative Australian not‑for‑profit sector (see subsection 15‑5(1)).
 (2) This Division achieves that object by setting up a system to allow the regulations to specify standards with which an entity must comply in order to become registered under this Act, and to remain entitled to be registered under this Act.
Note 1: The main consequence of failure to comply with these standards is a loss of the entity's entitlement to registration. If the entity is a federally regulated entity, 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).

45‑10  Regulations establishing governance standards
 (1) The regulations may specify standards (the governance standards) with which an entity must comply in