The establishment of an Office for Not-For-Profit Sector Engagement and a Registrar for Community and Charitable Purpose Organisations are just two of many reforms put forward in the Productivity Commission’s long awaited draft report Contributions of the Not-for-Profit Sector.
To consolidate regulatory oversight, and enhance public transparency, the Commission proposes a ‘one-stop-shop’ for Commonwealth-based regulation in the form of a Registrar for Community and Charitable Purpose Organisations.
Registrar for Community and Charitable Purpose Organisations responsibilities:
Incorporation and regulation of companies limited by guarantee, commonwealth incorporated associations, Aboriginal Corporations, and any new not-for-profit entities.
Registration of Tax Concession entities charitable institutions and funds, PBIs, DGRs and other tax benefited bodies, registration for national fundraising.
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Single reporting portal to drive common accounting and reporting reforms.
Fast track harmonisation of state/territory fundraising legislation.
The Commission suggests that the proposed Office for Not-For-Profit Sector Engagement be located within the Prime Minister’s portfolio to give “a much needed focus to improving the sector’s engagement with the Government, and a business, and stimulate sector-wide policy development.”
Office for Not-For-Profit Sector Engagement responsibilities:
Take the lead in reform planning and implementation.
Monitor and action the implementation of the National Compact.
Reform Government contracting.
Encourage social innovation funding.
Provide high level government leadership for a community and business engagement.
Read more of Commissioner Robert Fitzgerald’s comments on the proposed reforms. HYPERLINK
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