FIT Sponsorship
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  |  Leadership, Politics

Not for Profit Sector Needs its Own Independent Regulator


Thursday, 11th February 2010 at 3:34 pm
Staff Reporter
Specialist NFP legal service PilchConnect says it's disappointed that the Productivity Commission Report hasn't recommended a specialist regulator for Australian charities.


Thursday, 11th February 2010
at 3:34 pm
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Not for Profit Sector Needs its Own Independent Regulator
Thursday, 11th February 2010 at 3:34 pm

 

Specialist legal service for Not for Profit community organisations PilchConnect says it’s disappointed that the Productivity Commission has missed the opportunity to clearly articulate the need for an independent, specialist regulator for charities and community organisations in Australia.

 

In a major report on the Contribution of the Not-for-Profit Sector released today, the Productivity Commission revealed that, in addition to obvious social and community benefits, Australia’s Not for Profit sector also contributes close to $43 billion (4.3%) to the country’s economy. 

 

The Productivity Commission’s report makes recommendations aimed at simplifying regulation for charities and NFP community organisations, in order to maximise the valuable contribution they make to Australian society.

 

Sue Woodward, Senior Lawyer at PilchConnect says while the Commission has ultimately recommended a new national, specialist Registrar for Community and Charitable Purpose Organisations, it has suggested that a division of ASIC may be an appropriate interim ‘regulator’ for Australian Not for Profits for at least the next 5 years.

 

Woodward describes this as a messy compromise.

 

She says she is the most disappointing aspect of the Productivity Commission’s report which otherwise explains and quantifies the value of the Not for Profit sector.

 

Woodward points out that in other countries like England, New Zealand and Singapore they have long recognised the importance of the sector and have established specialist regulators or charity commissions. 

 

She asks why should Australia’s Not for Profit sector, worth $43 billion and a major player in delivery of government services, be short changed in this way? 

 

Pilch Connect is still looking at the detail in this report, but they are concerned that a Registrar within ASIC is inadequate and does not take into account the significance, and completely different needs, of the Not for Profit sector.

 

Woodward says that tiered, on-line and nationally consistent reporting to a specialist regulator would enable the compliance burden for all NFP organisations to be significantly reduced, while at the same time enhancing the transparency and accountability of NFP organisations. 

 

She notes that the Rudd Labor Government’s 2009 platform expressed a commitment to a national regulatory framework for Not for Profits and she urged the Federal Government to establish a separate, specialist regulator from the outset.

 

Woodward says the sector touches every Australian in some way – people volunteer, they’re a member of a club, they may receive welfare services from a Not for Profit or donate time or money to a charity or community group –  and clear, urgent and comprehensive reform is vital for a sector that has immense economic and social significance, but is struggling under regulatory red-tape. 

 



FEATURED SUPPLIERS


We specialise in data solutions consulting and IT profession...

DQUBE Solutions

Helping the helpers fund their mission…...

FrontStream Pty Ltd (FrontStream AsiaPacific)

Fantastic digital management app for organisations deliverin...

Ateesa

NGO Recruitment is Australia’s not-for-profit sector recru...

NGO Recruitment

More Suppliers

Get more stories like this

FREE SOCIAL
SECTOR NEWS

YOU MAY ALSO LIKE

Productivity Commission Report Identifies Information to Mitigate NDIS Risks

Alison Blake

Tuesday, 31st October 2017 at 8:39 am

Shifting the Dial: From Profits and Process to Community Building

David Crosbie

Thursday, 26th October 2017 at 8:30 am

Doubts NDIS Timeline Can Be Met – Productivity Commission

Lina Caneva

Thursday, 19th October 2017 at 8:36 am

Sector Says Human Service Provision Needs Overhaul to Empower the Consumer

Rachel McFadden

Tuesday, 18th July 2017 at 4:30 pm

POPULAR

$110M Package Tackles Anxiety and Depression Among Young Australians

Wendy Williams

Tuesday, 9th January 2018 at 8:46 am

Social Enterprise Announces $500,000 Funding for Social and Affordable Housing

Luke Michael

Monday, 15th January 2018 at 11:26 am

Privatisation Poses New Challenges for NFPs Managing Their Workforce

Luke Michael

Tuesday, 9th January 2018 at 4:36 pm

White Ribbon Australia CEO Announces Retirement

Wendy Williams

Wednesday, 10th January 2018 at 5:15 pm

Write a Reply or Comment

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


FIT Sponsorship
pba inverse logo
Subscribe Twitter Facebook

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

You have Successfully Subscribed!