Tag Archives: government review

Social Impact Investing – Government Review

Not a lot of time for this one. The Federal Government has announced a review into Social Impact Investing – calling for submissions by Monday 27 February 2017. Key areas for response are: the potential role of the Commonwealth Government … Continue reading

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Mitchell Review into Private Sector Support for the Arts

The Mitchell review of private sector support for the arts was released in October 2011 by Simon Crean, who was the then Minister for the Arts. It was most interesting for me to note a recommendation for a merger of … Continue reading

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What I learned about PAFs at the Community Foundations Forum Pt 1

Not so long ago I wrote about the new draft guidelines and legislation for Public Ancillary Funds. The new regime will come into effect on 1 January, but there will be a three year period for Public Ancillary Funds to … Continue reading

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Public Ancillary Funds – new draft guidelines

The Federal Assistant Treasurer, Bill Shorten, has released new draft guidelines for Public Ancillary Funds (often known as PAFS and usually given the deductible gift recipient designation of DGR2). The Australian Tax Office describes Public Ancillary Funds as “public funds … Continue reading

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Federal Budget 2011

Of interest to all of us in the not for profit and philanthropy sector is the announcement in the federal budget of the establishment of the “Australian Charities and Not-for-profits Commission” (ACNC) to regulate the sector. It is intended that … Continue reading

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a new not for profit regulator?

The Treasury Department is calling for submissions in response to a discussion paper on a scoping study for a new regulator for the not for profit sector in Australia. Some of the proposed functions of the regulator could include: • … Continue reading

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Executor and trustee companies, or dead people like to donate too

When people think about bequests, often it is in relation to people who leave money for a specific purpose, with a whole infrastructure around how the money is to be administered through setting up their own foundation with particular application … Continue reading

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Accountability and transparency in not for profits

The South Australian state government has announced that charities which receive donations will be required to account more thoroughly as to how those funds are spent. A new Code of Practice which will be open for consultation until mid January … Continue reading

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Govt review of public ancillary funds

The then Assistant Treasurer and Minister for Financial Services and Superannuation,  Bill Shorten announced a review into public ancillary funds, calling for submissions by 17 December 2010. Treasury stated that: “The proposed changes introduce a new regulatory framework similar to … Continue reading

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