This submission briefly outlines the Community Council for Australia (CCA) response to the Corporations and Markets Advisory Committee review of Trusts and Trustee Companies.
This submission briefly outlines the Community Council for Australia (CCA) response to the Not-for-profit Sector Tax Concessions Working Group discussion paper.
It is important to note that this submission has been prepared through a process of consultation with the membership of the CCA (see Appendix 1 list of CCA members) and key organisations in the not-for-profit (NFP) sector. This submission does not over-ride any positions outlined in individual submissions from CCA members.
Attached is CCA's joint submission to the the Senate Standing Committee on Community Affairs and the Parliamentary Joint Committee (PJC) on Corporations and Financial Services on the ACNC Bills 2012 and the Tax Laws Amendment (Special Conditions for not-for-profit concessions) Bill 2012. CCA will appear at the hearings for both Committee's Inquiries.
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)