Treasury has today released a Consultation Paper into governance arrangements for not-for-profit (NFP) organisations, including charitable trusts. Final submissions to Treasury are due Friday 20 January 2012 (this date was first stated as 6 January 2012, but has been extended!)
The paper looks to implement a single governance scheme across the NFP sector regardless of structure. It is intended that it will cover charitable trusts.
Philanthropy Australia will be making a brief submission in response to this paper. We have not had time to adequately review this paper in detail at this stage, but will be arguing against a one-size-fits-all approach. The paper covers a very broad range of issues and Philanthropy Australia will be focusing mainly on those which affect philanthropic sector entities.
For more information:
Download consultation paper and associated Fact Sheet from Treasury website:
Dec. 08, 2011
Sign up to our weekly e-newsletter for sector news, expert opinion and resources.