Document ID: chunk:federal_register_of_legislation:F2023C01018:reg:6:p1
Version: federal_register_of_legislation:F2023C01018
Segment Type: reg
Provision Reference: reg 6 (pt 1/15)
Character Range: 30290–33178

6                     Information in a financial report, audit or review report                                   The publication of the information is likely to result in the identification of an individual donor

 (2) Items 1, 2, 3, 5 and 6 of the table in subsection (1) continue to apply to information that relates to an individual donor who has died if:
 (a) the individual donor died within the previous 2 years; or
 (b) a responsible entity of the registered entity is an associate of the individual donor.
Note: Subsection (2) ensures that the privacy of the family of an individual donor will remain protected while the family remains actively involved in the management of the registered entity.
 (3) For the purposes of subsection (2), a registered entity must:
 (a) notify the Commissioner, in the approved form, that information that is not on the Register because of this section can no longer be excluded from the Register because:
 (i) an individual donor has died; and
 (ii) subsection (2) no longer applies to require the information to be treated that way; and
 (b) provide the notification with the first information statement the registered entity provides to the Commissioner after the registered entity becomes aware that the events referred to in subparagraphs (a)(i) and (ii) have occurred.
 (4) Item 4 of the table in subsection (1) does not apply if the responsible entity is an entity of a kind mentioned in the private ancillary fund guidelines.
 (5) Items 5 and 6 of the table in subsection (1) do not apply to information that relates to a breach of:
 (a) the Act; or
 (b) a legislative instrument made under the Act; or
 (c) the taxation law.

Division 45—Governance standards

Subdivision 45‑A—Preliminary

45.1  Simplified outline—how the governance standards apply

      The governance standards support registered entities in fulfilling their objectives by providing a minimum level of assurance that they meet community expectations in relation to how a registered entity should be managed.
      Community expectations in relation to governance may include expectations about how a registered entity goes about managing its affairs, the use of public monies, volunteer time and donations provided to it, how the entity manages the risks that it faces, how the entity promotes the effective and responsible use of its resources and how the entity goes about demonstrating that it is operating transparently and for a proper purpose.
      The steps a registered entity will need to take to comply with the governance standards will vary according to its particular circumstances, such as its size, the sources of its funding, the nature of its activities and the needs of the public (including members, donors, employees, volunteers and benefit recipients of the registered entity).
      The compliance obligations, processes and reasonable steps