Clements Dunne & Bell Melbourne

News
New National Not-For-Profit Regulator Consultation Paper

Reform of the Not-For-Profit (NFP) sector has been on the Federal Government's agenda for some time.

The Assistant Treasurer has released a public consultation paper as part of the scoping study for a National NFP regulator.

The consultation paper forms part of the Government's 2010 election commitment to strengthen the NFP sector. The paper seeks comment from stakeholders on the goals of national regulation, the scope of national regulation and the functions and form of a national regulator.

As a specialist in the NFP sector, we will be reviewing the consultation paper in detail and liaising with the Institute of Chartered Accountants in Australia regarding a submission.   If any of our NFP clients  have any comments on the consultation paper, we would be pleased to consider including them, or you could make your own submission.  It may also be desirable for our NFP clients to contact their industry association regarding the consultation paper and whether they will be making a submission.  

The consultation paper is available on the Treasury website.  Submissions close on 25 February, 2011.


 

 

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