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Home Features How Australia’s doomed charities regulator fights terrorism
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PEOPLESusan Pascoe, David Gilchrist
DEPARTMENTSAustralian Tax Office, Australian Bureau of Statistics, Australian Charities and Not-for-profits Commission, AUSTRAC
TAGS Abbott government, Australian Charities and Not-for-profits Commission, David Gilchrist, Susan Pascoe, Australian Tax Office, Terrorism financing
Australia’s charities regulator plays an important but little-known role making sure money doesn’t flow to overseas terrorist groups. But the agency is still on the chopping block.
There could be an unintended consequence of axing Australia’s charities regulator: it might hamper counter-terrorism efforts.
While the Abbott government tries to convince senators to support the abolition of the Australian Charities and Not-for-profits Commission, the Melbourne-based agency is quietly working to prevent charitable donations ending up in the hands of terrorists. This week, the commission reminded not-for-profit organisations of their particular vulnerability to “the risk of misuse for the purpose of terrorism financing”, as stated in recent reports from the Australian Transaction Reports and Analysis Centre and the international Financial Action Task Force.
In October, commissioner Susan Pascoe told The Mandarin the ACNC had developed a unique counter-terrorism role that would be missed if it was axed. “It’s hard to see who would have the [same] oversight of activity, if we didn’t have an independent regulator,” she said. “It’s not the kind of role that the [Australian Securities and Investments Commission] or the [Australian Tax Office] would logically inherit.”
Pascoe says the ACNC helped Australia fulfil its obligations as an FATF member to support the work of the inter-governmental organisation, which claims its policy recommendations “are recognised as the international standard for combating of money laundering and the financing of terrorism and proliferation of weapons of mass destruction”.
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The Mandarin is where Australia's public sector leaders discuss their work and the issues faced within modern bureaucracy. Join today to discover the latest in public administration thinking and news from our dedicated reporters, current and former agency heads and senior executives.
Stephen Easton is a journalist at The Mandarin based in Canberra. He's previously reported for Canberra CityNews and worked on industry titles for The Intermedia Group.
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Australian Services Union members have been warned not to join the Community and Public Sector Union protected industrial action today. Australian Tax Office's David Miller responded to ASU's Jeff Lapidos who has made the response public. Here is the email in full:
I read this article but am still little wiser how the ACNC actually contributes to the identification of terrorist financing. And I note that such financing is ‘rare.