Go Salary
MEDIA, JOBS & RESOURCES for the COMMON GOOD
News  |  Governance

‘Referral of Powers’ Next NFP Reform Priority


Tuesday, 4th December 2012 at 10:35 am
Staff Reporter
The next priority in the Not for Profit regulatory reform process must be a ‘referral of powers’ to the Commonwealth to ensure the new charity regulator, the ACNC, can be a one-stop-shop for all NFPs, says Chartered Secretaries Australia (CSA).

Tuesday, 4th December 2012
at 10:35 am
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
‘Referral of Powers’ Next NFP Reform Priority
Tuesday, 4th December 2012 at 10:35 am

The next priority in the Not for Profit regulatory reform process must be a ‘referral of powers’ to the Commonwealth to ensure the new charity regulator, the ACNC, can be a one-stop-shop for all NFPs, says Chartered Secretaries Australia (CSA).

“While we are aware that some jurisdictions plan to ‘turn off’ their incorporated associations legislation we will be encouraging all stakeholders to support a referral of powers to the Commonwealth,” CSA’s policy director Judith Fox said.

“The states referred their powers to the Commonwealth when the Corporations Act passed into law and they should do so now to ensure that NFPs are not burdened with unnecessary duplication and red tape. Similarly, Treasury has confirmed that governance standards will be principles-based and flexible.

“And most importantly, the ACNC itself can now take part in the consultation on what the governance standards should be.

“There have been five major inquiries over a decade into the NFP sector. Each report has noted that the current regulatory framework for the sector is complex, lacks coherence, sufficient transparency, and is costly to NFPs. Each inquiry recommended a dedicated regulator for the sector.

“This is a once-in-a-lifetime opportunity to put in place a dedicated regulator that crosses all geographic boundaries and that is not a revenue-raising body,” Fox said.

Chartered Secretaries Australia (CSA) is the peak body for over 7,000 governance and risk professionals.

The Australian Charities and Not-for-profits Commission (ACNC) has opened for business following royal assent of the ACNC legislation.
https://probonoaustralia.com.au/news/2012/11/acnc-opens-business

"After almost two decades of reviews, reports and inquiries, and more than 18 months of extensive consultation and stakeholder engagement, the time has come for Australia's first independent charities commission to open its doors," Assistant Treasurer David Bradbury said.




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


Write a Reply or Comment

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



YOU MAY ALSO LIKE

Five ways you can protect your charity from fraud

Maggie Coggan

Monday, 21st October 2019 at 5:34 pm

ACNC puts charities on hold

Luke Michael

Monday, 21st October 2019 at 4:55 pm

From the horse’s mouth: Animal charity fesses up to staff underpayment

Maggie Coggan

Thursday, 17th October 2019 at 8:31 am

POPULAR

Our royal commission is not yet a safe place for people with disability

Emma Bennison

Wednesday, 6th November 2019 at 4:59 pm

Disability royal commission begins amid fears around support services

Luke Michael

Monday, 4th November 2019 at 12:58 pm

The toolbox set to democratise charity impact

Maggie Coggan

Thursday, 31st October 2019 at 8:02 am

Mental health system failing vulnerable Aussies

Luke Michael

Friday, 1st November 2019 at 12:29 pm

Go Salary
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!