Non Profits
The Australian Productivity Commission have launched their draft report which shows there is a need for wide-ranging reforms and a reduction in compliance costs faced by the Not for Profit sector.
The Commission proposes a 'one-stop shop' for Commonwealth-based regulation in the form of a Registrar for Community and Charitable Purpose Organisations in a bid to consolidate regulatory oversight, and enhance public transparency.
The report talks about the potential for greater social innovation through collaborative ventures between NFPs and business.
Putting the Commission's case for reform, Presiding Commissioner, Robert Fitzgerald, says the proposed reforms would bring together the multiplicity of governance, taxation, and fundraising regulatory requirements to create a much stronger foundation for this expanding sector.
Further, he says proposed changes to government funding arrangements will reduce compliance costs and burdens, leading to significant gains in service delivery efficiency and effectiveness.
As part of our effort to promote Workplace Giving, The Australian Charities Fund made a submission to the Productivity Commission’s draft research report on the Contributions of the Not for Profit Sector. A full copy of the ACF submission can be found here.
