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NFP reforms for small NFPs

NFP reforms for small NFPs. Sallie Saunders Building Better Boards Pty Ltd. What NFP reforms?. 6 reviews into the NFP sector over the last 16 years The consistent theme – regulation of the NFP sector could be significantly improved by: the establishment of a single national regulator and

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NFP reforms for small NFPs

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  1. NFP reforms for small NFPs Sallie Saunders Building Better Boards Pty Ltd

  2. What NFP reforms? • 6 reviews into the NFP sector over the last 16 years • The consistent theme – regulation of the NFP sector could be significantly improved by: the establishment of a single national regulator and the simplification of regulatory and taxation arrangements

  3. Why now? • Recommendations of the Productivity Commission Report • The National Compact • Commitment of the Gillard Government

  4. What is happening? • Office for the Not-for-Profit Sector (PMC) • Not-for-Profit Sector Reform Council • Inter-Departmental Committee on NFP Sector Reform • ACNC – Australian Charities and Not-for-Profit Commission (+ Implementation Taskforce) • ACNC Advisory Body

  5. Why is this important? ACNC role • determine and regulate charities; and • administer the statutory definition of charity.  • promote good governance; • ensure compliance with charitable laws; and • provide a public information portal through which charities would be required to make certain financial and activity related reports.

  6. Definition of Charity • A charity is an entity with a charitable purpose, as defined in common law and classified according to the Pemselcase (1891) under the heads of: • Relief of poverty; • Advancement of education; • Advancement of religion; and • Other purposes beneficial to the community

  7. Proposed regulatory regime

  8. Proposed ACNC website • www.acnc.gov.au • Launch date 1 October 2012 • Will contain information about and for charities • On 1 July 2013 the public information portal will be accessible from the website • Aims for a high level of transparency for the sector and visibility for individual charities without a website • Charities to update their own information and submit their annual information statements online. • The public will be able to search the portal for charity details such as governance structures, purposes and activities

  9. ACNC reporting 2013 • From 1 July 2013 all charities to report basic non-financial information • Small charities: past year purpose and who benefits • Medium and Large charities: add plans for the next year, staff and numbers • Charities can volunteer other financial information in this year

  10. From 1 July 2014 • small charities – basic financial and non-financial information about their operations for the previous year via an annual information statement and; • medium and large charities: • more detailed financial and non-financial information about their operations for the previous year via an annual information statement; and • financial reports (either audited or reviewed for medium charities or audited for large charities

  11. Charity Passport • a key part of reducing the regulatory burden and simplifying the interaction of charities with the ACNC and the Government.  The Charity Passport will: • contain data from a variety of sources including registration details and annual reporting; • be confidential and provided only to authorised government agencies; and • passed electronically to Commonwealth Government Agencies via the ACNC information portal.

  12. Websites • ACNC Implementation Taskforce www.acnctaskforce.treasury.gov.au Newsletters: www.treasury.gov.au/Policy-Topics/PeopleAndSociety/NFP-reform/Newsletters www.nfpreform.gov.au NFP Reform Council Email direct questions to: NFPReform@treasury.gov.au

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