Date posted: 19/09/2016 3 min read

Chartered Accountants call for NFP reform

CA ANZ continues to call for reform in the not-for-profit sector

Chartered Accountants ANZ together with a coalition of other peak bodies today calls for state and federal governments to provide a nationally consistent fundraising regime for charities and other not-for-profits (NFPs).

Leader, Policy and Thought leadership, Geraldine Magarey said that this reform will lead to savings of more than $15 million for charities each year.

“Under the current system, charities are hindered from doing the core of their role. Significant resources go into adhering to outdated and different laws across each state,
Geraldine Magarey, Leader, Policy and Thought leadership

“Charities will continue to be placed under further strain, and as key providers of services across states we need to ensure they are able to carry out their core competencies with the resources they have,” Ms Magarey said. 

Chartered Accountants Australia and New Zealand have joined the Australian Institute of Company Directors, Justice Connect, Governance Institute of Australia, ACOSS, Community Council for Australia, CPA Australia and Philanthropy Australia in calling for all Australian governments to work together to provide charities and other not-for-provide charities and other not-for-profits with a nationally-consistent and fit-for-purpose regulatory regime.

“Up to 7 permissions need to be sought to collect funds in Australia – and this is without a digital platform, these inefficiencies will continue to impact the not-for-profit sector which will impact communities and the economy,
Geraldine MagareyLeader, Policy and Thought leadership

“Improved regulation and regime will ensure that more benefits are delivered to all Australians, particularly to those most in need of it,” Ms Magarey said.

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