nfp reforms for small nfps
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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 PresentationTRANSCRIPT
NFP reforms for small NFPs
Sallie SaundersBuilding Better Boards Pty Ltd
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?
Recommendations of the Productivity Commission Report
The National Compact Commitment of the Gillard Government
Why now?
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?
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.
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
Proposed regulatory regime
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
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
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
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
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