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Senate Inquiry Into NFP Disclosure Regimes


17 July 2008 at 11:28 am
Staff Reporter
A Senate inquiry is now underway into the disclosure regimes and models of regulation for charities and Not for Profit organisations.

Staff Reporter | 17 July 2008 at 11:28 am


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Senate Inquiry Into NFP Disclosure Regimes
17 July 2008 at 11:28 am

A Senate inquiry is now underway into the disclosure regimes and models of regulation for charities and Not for Profit organisations.

On 18 June 2008, the Senate referred the Disclosure regimes for Charities and Not for Profit organisations to the Senate Standing Committee on Economics for report by the last sitting day of November 2008.

The inquiry will examine:
1. the relevance and appropriateness of current disclosure regimes for charities and all other Not for Profit organisations;
2. models of regulation and legal forms that would improve governance and management of charities and Not for Profit organisations and cater for emerging social enterprises, and;
3. other measures that can be taken by government and the Not for Profit sector to assist the sector to improve governance, standards, accountability and transparency in its use of public and government funds.

Submissions that reflect the issues and solutions that best meet the needs of the sector are encouraged.

The Fundraising Institute-Australia (FIA) CEO, Dr Sue-Anne Wallace says FIA’s advocacy for such an inquiry has been realised as a step towards national harmonisation of fundraising legislation and an effort to consider the regulatory impact of different legislative regimes and the importance of industry standards (codes).

She says the inquiry provides a great opportunity for charities and professional fundraisers to put the key issues impacting on their work on the Federal agenda.
Submissions will close on 29 August 2008.

To find out more about the Inquiry into the how to make a submission, visit
http://www.aph.gov.au/Senate/committee/economics_ctte/charities_08/info.htm



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