Criterion
MEDIA, JOBS & RESOURCES for the COMMON GOOD
NEWS  | 

Federal Government Review of Not for Profit Companies


Monday, 2nd July 2007 at 12:51 pm
Staff Reporter
The Federal Government is reviewing Not for Profit companies - under the company law umbrella - as it relates to unlisted public companies.

Monday, 2nd July 2007
at 12:51 pm
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Federal Government Review of Not for Profit Companies
Monday, 2nd July 2007 at 12:51 pm

The Federal Government is reviewing Not for Profit companies – under the company law umbrella – as it relates to unlisted public companies.

And according to PILCH the review is important for the sector because it could alter the reporting obligations of about 11,000 existing NFP organisations.

The Policy Officer for Public Interest Law Clearing House (Vic) Inc (PILCH), Sue Woodward says if reforms are made, it could also influence the legal structure chosen by future organisations (for example it might make a company limited by guarantee a preferable option to an incorporated association).

Woodward says PILCH is planning to make a submission drawing on its expertise and experience, and that of its members and others and it is keen to use the review as an opportunity to both:
(1) respond to the direct questions raised in the discussion paper (about reporting obligations etc); and
(2) to put forward something that addresses the bigger picture – if a new corporate form (especially one that includes fundraising provisions) was introduced, and migration from incorporated association acts was easy/low cost, then significant progress towards national uniformity could be achieved without the need for referrals of powers or mutual recognition of state-based reforms.

Woodward says the discussion paper from Treasury is the first sign of interest from the Federal Government so it is important to present a clear and thoughtful response from the Not for Profit sector.

See www.treasury.gov.au/contentitem.asp?NavId=002&ContentID=1269




Got a story to share?

Got a news tip or article idea for Pro Bono News? Or perhaps you would like to write an article and join a growing community of sector leaders sharing their thoughts and analysis with Pro Bono News readers?

Get in touch at news@probonoaustralia.com.au

Tags : government,

 Print

Get more stories like this

FREE SOCIAL
SECTOR NEWS

Write a Reply or Comment

Your email address will not be published. Required fields are marked *



YOU MAY ALSO LIKE

Increased Support Needed for Entrepreneurs with Disability

Maggie Coggan

Friday, 3rd August 2018 at 1:29 pm

Can TV Show Us What it is Really Like to be Homeless?

Paul Carter

Monday, 23rd July 2018 at 1:00 pm

Social Sector on Notice to Prepare for Population Debate

Paul Carter

Wednesday, 18th July 2018 at 12:44 pm

ANZSOG Scholarships Give NFPs a Chance to Invest in Future Leaders

Contributor

Tuesday, 11th July 2017 at 8:05 am

POPULAR

Family Faces ‘Devastating’ Loss of Support for Son with Disability

Luke Michael

Tuesday, 11th September 2018 at 8:37 am

Social Economy is the Workforce of the Future

Luke Michael

Thursday, 6th September 2018 at 8:21 am

$50 million Up For Grabs to Help NFPs Drive Change

Maggie Coggan

Monday, 17th September 2018 at 4:21 pm

Australia’s Most Innovative NFPs Highlighted

Luke Michael

Thursday, 13th September 2018 at 8:41 am

Criterion
pba inverse logo
Subscribe Twitter Facebook

The social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!