The time for comments on the draft report by the Productivity Commission on the contribution of the not for profit sector expires on 24 November 2009.
The draft report is a comprehensive document of 510 pages (without supporting material) and covers a wide range of factors that impact on the not-for-profit sector generally. It is one of a raft of such examinations of the sector either currently in place such as the Federal Government’s Taxation Review headed by Dr Ken Henry or recently completed such as the report released last December by the Senate Standing Committee on Economics into Disclosure regimes for charities and not-for-profit organisations.
The terms of reference for the this review require the Commission to have regard to Dr.Henry’s review and the report of the Inquiry into the Definition of Charities and other organisations commissioned in 2002 but not to examine in detail the matters covered by those reviews.
Non profit sector participants can expect to see far reaching implications emerge in the foreseeable future for the way they currently operate and are urged to seriously consider the draft report.
The Corney & Lind Lawyers Not for Profit and Charity Lawyers will continue to monitor the developments in the sector and will keep you informed. Our Non Profit and Charity Law specialist knowledge is widely recognised.
Go to the draft report.