Take Survey
MEDIA, JOBS & RESOURCES for the COMMON GOOD
NEWS  |  Finance

Charities Give Feedback on Govt Paper to Encourage Social Impact Investment


Monday, 24th July 2017 at 9:57 am
Rachel McFadden, Journalist
A round of “robust” discussions between charity leaders, philanthropists and government representatives were “a promising start” to pushing for reforms around the tax treatment of loans and investments from ancillary funds to charities.


Monday, 24th July 2017
at 9:57 am
Rachel McFadden, Journalist


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Charities Give Feedback on Govt Paper to Encourage Social Impact Investment
Monday, 24th July 2017 at 9:57 am

A round of “robust” discussions between charity leaders, philanthropists and government representatives were “a promising start” to pushing for reforms around the tax treatment of loans and investments from ancillary funds to charities.

The Community Council of Australia (CCA) hosted two roundtables in Melbourne and Sydney on Thursday and Friday to get feedback from the charity sector on the government’s discussion paper which explores ways to facilitate the growth of the Australian social impact investing market.

CCA CEO David Crosbie said CCA welcomed the opportunity to work with government and have input around proposed changes.

“Ït was very good to hear Treasury’s perspective and it was very good for Treasury to hear charities perspective,” Crosbie said.

Crosbie said there was broad representation from financial executives in the charity sector as well as representation from Social Ventures Australia and Philanthropy Australia.

“There was a great diversity of views and perspectives from large and small organisations across different fields in the charity sector,” he said.

“The discussions were really positive and this was a really constructive consultation process.

“Certainly the people from the Treasury really did genuinely listen and all sorts of issues were canvassed including some of the more controversial ones like DGR and advocacy.”

He said although the DGR status and advocacy was mentioned, participants spent most of the day talking about the mechanisms needed to allow and encourage foundations to invest in charities.

Crosbie said there was a general consensus that some of the “administration” around foundations investing in charities needed changing.

“We are hopeful that it will be made easier for foundations to just not disperse the money they make from their investments but actually invest in the charities and for that to be counted towards their disbursement.”

Crosbie said the representatives from the Treasury would report and make recommendations to the minister’s office.

He said he was hopeful for change.

“If we can make it easier to get funds into the charity sector it should be a priority for all of us,” Crosbie said.

“I think it is a policy goal that is shared by government, the charity sector and foundations themselves.

“It is just about finding the right mechanisms.”


Rachel McFadden  |  Journalist  |  @ProBonoNews

Rachel is a journalist specialising in the social sector.


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

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

Banning Foreign Donations Without Hurting Charities

Contributor

Monday, 26th November 2018 at 2:49 pm

Are You Perpetuating Your Irrelevance?

David Crosbie

Thursday, 22nd November 2018 at 8:55 am

Charities Welcome Foreign Donation Bill’s Passage Through Senate

Luke Michael

Friday, 16th November 2018 at 4:32 pm

Government Backpedals on Massive Funding Cuts to Charity

Maggie Coggan

Wednesday, 24th October 2018 at 5:36 pm

POPULAR

NDIS Service Providers Cautious Over Complex Needs Pricing Shake-Up

Maggie Coggan

Monday, 10th December 2018 at 5:11 pm

Australians With Disability Twice as Likely to be Evicted Without Cause

Luke Michael

Wednesday, 5th December 2018 at 5:29 pm

Putting Disability and Leadership in the Same Sentence

Maggie Coggan

Monday, 3rd December 2018 at 8:56 am

Glyn Davis Confirmed as New Head of the Ramsay Foundation

Maggie Coggan

Wednesday, 5th December 2018 at 6:00 pm

Take Survey
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!