In May 2014 ACL made a submission to the Senate Standing Committee on Economics Inquiry into the Australian Charities and Not-for-profits Commission (Repeal) (No1) Bill 2014.
ACL recommended keeping the ACNC because
In summary, ACL supports the retention of the ACNC because:
It is an independent regulator for the sector;
It will reduce the regulatory burden on the sector;
It has not had sufficient time in operation to establish its value to the sector.
You can read the full submission here.