Guide to Giving
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  |  Politics

NFP Help to Navigate Government Reform


Thursday, 12th April 2012 at 10:41 am
Staff Reporter
Volunteer committees and charity boards could get tripped up by the large volume of recent governance and tax reforms announced by the Federal Government, a Queensland University of Technology (QUT) philanthropy expert has warned.


Thursday, 12th April 2012
at 10:41 am
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
NFP Help to Navigate Government Reform
Thursday, 12th April 2012 at 10:41 am

Volunteer committees and charity boards could get tripped up by the large volume of recent governance and tax reforms announced by the Federal Government, a Queensland University of Technology (QUT) philanthropy expert has warned.

QUT Australian Centre for Philanthropy and Nonprofit Studies (ACPNS) Director, Professor Myles McGregor-Lowndes has edited an almanac to help organisations abide by current regulation.

"There have been an unprecedented number of reforms recently covering everything from new governance duties and liabilities to taxation matters," he said.

"In all, nearly 500 pages of reforms for the sector have been released and it's not easy for club, charities and associations to take it all in.

"With most charities and clubs, including junior sporting clubs, run by volunteers a simple to read reference book was called for."

The Australian Nonprofit Sector Legal and Accounting Almanac is available for free and includes information on recent amendments to laws, summaries and comments on proposed reforms and information on the latest accounting standards.

Professor McGregor-Lowndes said a key change that nonprofit organisations would find of interest was a proposed change in relation to a tax on commercial surpluses.

He said the almanac also included tips on good governance including minute taking, the tabling of documents and directors responsibilities in relation to financial documents.

He also said boards and treasurers needed to keep up-to-date with proposed reforms and the latest accounting standards.

"The pace of change is frenetic and it's easy to fall behind and get yourself and your club into hot water," Professor McGregor-Lowndes said.

NAB has supported the compilation of the Australian Nonprofit Sector Legal and Accounting Almanac.



Guide to Giving

FEATURED SUPPLIERS


Yes we’re lawyers, but we do a lot more....

Moores

...


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

NGO Recruitment

Helping the helpers fund their mission…...

FrontStream Pty Ltd (FrontStream AsiaPacific)

More Suppliers


YOU MAY ALSO LIKE

Mental Health Groups Call for Same-Sex Marriage to Prevent Suicide

Luke Michael

Thursday, 21st September 2017 at 4:24 pm

Public Interest / Private Interest – A Fundamental Distinction

David Crosbie

Thursday, 14th September 2017 at 8:46 am

Boosting Philanthropy For A Stronger Australia

Wendy Williams

Monday, 11th September 2017 at 5:16 pm

POPULAR

Moves to Stop Volunteering at Overseas Orphanages

Luke Michael

Wednesday, 13th September 2017 at 1:54 pm

Future Uncertain for Disability Organisations Following Funding Cuts

Wendy Williams

Tuesday, 19th September 2017 at 8:29 am

Majority of NFPs Are Not Believed to be Well-Run, According to New Survey

Luke Michael

Tuesday, 12th September 2017 at 4:14 pm

More Australians Are Giving Time Not Money

Wendy Williams

Monday, 11th September 2017 at 5:07 pm

Write a Reply or Comment

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


Guide to Giving
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!