News

30 April,2014, Sydney

There is approximately $500 million of unclaimed funds in lapsed financial accounts in Australia. As part of our 2014 budget submission, CCA has called for the investment of these funds to help build capacity in the not-for-profit sector.

CCA invites members to join CEO David Crosbie, and corporate engagement expert Ian Cook in a roundtable discussion in Sydney on this topic. Ian has conducted extensive research on this matter, and we would value member's input as we progress this concept.

2014

Free NFP Briefing – ACNC and Tax Update

8.30-10am, 5 March, CBD Melbourne

David Locke from the Australian Charities and Not-for-Profit Commission will provide an update on activities of the ACNC and likely future developments and Mark Northeast of Pitcher Partners will focus on the latest developments in tax issues facing NFP organisations.

Register here.

 Introduction

This submission briefly outlines the CCA response to the Exposure Draft Bills establishing the Australian Charities and Not-for-profit Commission (ACNC). This submission does not attempt to address every aspect of the proposed ACNC Bills but seeks to place the Bills within a broader context and address key issues from both the Bills and the Explanatory Materials.

Overview of key issues

Support for reform

CCA strongly supports the overall directions for CFAR reform of the Commonwealth Financial Framework as outlined in the CFAR Discussion Paper. 

‘The financial Framework should support government operations to create public value.  It should promote the efficient and effective achievement of outcomes and provide for high levels of transparency and accountability.’                        (Chapter 4, Directions for reform pg. 19)

Executive summary

CCA supports the apparent policy intent of the draft legislation that is to ensure income tax exempt entities generally must be operated principally in Australia and for the broad benefit of the Australian community.  Likewise, deductible gift recipients (DGRs) generally must be operated solely in Australia and for the broad benefit of the Australian community.

Informing principles for new fundraising regulation

Following the announcement today that the ACNC draft legislation will be referred to the House of Representatives Standing Committee on Economics for review, please see below for a summary of the key changes to the bill. The full draft legislation and explanatory notes can be accessed here

 

KEY CHANGES TO THE AUSTRALIAN CHARITIES AND NOT‑FOR-PROFITS (ACNC) BILLS

Today Kevin Andrews MP, the Shadow Minister for Families, Housing and Human Services outlined the Coalition's plan for the not-for-profit sector. The transcript of his address can be accessed here

In her role as the Australian Government's nominee as Commissioner of the Australian Charities and Not-for-Profits Commission (ACNC), Susan Pascoe AM this week released the ACNC Taskforce Implementation Report. The report outlines the implementation process for the establishment of the ACNC, and addresses in separate chapters the five key action areas that will underpin the ACNC's work, including:

1. Registering entities

2. Developing a reporting framework (report once, use often)

3. Going online (one stop shop)