The Australian Charities and Not-for-profits Commission (ACNC) has revoked the charity status of the Adult Stem Cell Foundation Australia Limited (ABN 26141262624).

The decision to revoke charity status took effect on 11 September 2015, and follows a review into the organisation’s operations and activities.

The Foundation has 60 days to apply to the ACNC for an internal review of this decision.

The Foundation was registered as a Health Promotion Charity and is based in Queensland. According to Australian Business Register records, the Foundation was established in December 2009, prior to the establishment of the ACNC.

Commissioner Susan Pascoe AM said the ACNC takes a proportional approach to compliance activity.

“The ACNC has a range of regulatory powers at its disposal,” Ms Pascoe said.

“This can include guidance and support, warnings, directions, and enforceable undertakings.

“Where appropriate, the ACNC will revoke an organisation’s status as a registered charity.”

The ACNC is prevented by secrecy provisions in the ACNC Act from disclosing the details of any case. However the ACNC will publish instances where it uses its formal powers, including revocation, on the Charity Register.

For more information about the ACNC’s compliance activity, including the full list of charities that have had their registration revoked, visit acnc.gov.au/compliancedecisions.

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ACNC Media Contact
media@acnc.gov.au or 0466 089 108.