nfp reforms for small nfps

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

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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 - PowerPoint PPT Presentation

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Page 1: NFP reforms for small  NFPs

NFP reforms for small NFPs

Sallie SaundersBuilding Better Boards Pty Ltd

Page 2: NFP reforms for small  NFPs

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

What NFP reforms?

Page 3: NFP reforms for small  NFPs

Recommendations of the Productivity Commission Report

The National Compact Commitment of the Gillard Government

Why now?

Page 4: NFP reforms for small  NFPs

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

What is happening?

Page 5: NFP reforms for small  NFPs
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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.

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A charity is an entity with a charitable purpose, as defined in common law and classified according to the Pemsel case (1891) under the heads of:

Relief of poverty; Advancement of education; Advancement of religion; and Other purposes beneficial to the community

Definition of Charity

Page 8: NFP reforms for small  NFPs

Proposed regulatory regime

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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

Proposed ACNC website

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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

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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

From 1 July 2014

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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.

Charity Passport

Page 14: NFP reforms for small  NFPs

ACNC Implementation Taskforcewww.acnctaskforce.treasury.gov.au

Newsletters:www.treasury.gov.au/Policy-Topics/PeopleAndSociety/

NFP-reform/Newsletters

www.nfpreform.gov.auNFP Reform Council

Email direct questions to:[email protected]

Websites