Consultation paper: Review of Not-for-profit Governance Arrangements

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:

http://treasury.gov.au/contentitem.asp?NavId=002&ContentID=2252

Dec. 08, 2011

 Tags: government, advocacy

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