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Governing charities and not for profits could get harder: Treasury releases consultation on not-for-profit governance arrangements

On 8 December 2011, the Treasury released a consultation paper on current governance arrangements for the not for profit (NFP) sector. The Government is consulting on what the core organisational governance principles applying to a registered NFP should be. The consultation will form an important component of the Australian Charities and Not-for-profits Commission (ACNC) legislation commencing 1 July 2012.  Charities and NFPs should consider their governance arrangements in the context of the five governance principles identified in the consultation paper and take the opportunity to make a submission to Treasury.  read more…