Lca Welcomes Recommendations On Charities And Not For Profit Organisation

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5th December 2008, 02:03pm - Views: 526

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5 December 2008

Law Council Welcomes Recommendations on

Charities and Not-For-Profit Organisations

The Law Council has urged the Federal Government to implement reforms

recommended in a Senate Committee report released yesterday on the regulation

of charities and not-for-profit organisations.

In its submission earlier this year to the Senate Standing Committee on

Economics’ Inquiry into Disclosure regimes for charities and not-for-profit organisations, the

Law Council highlighted the economic and social importance of the not-for-profit

sector and called for a number of key legislative changes. 

The Law Council submission noted that the current regulation of not-for-profit

organisations in Australia was fragmented and inefficient, imposing an unnecessary

burden on the entire sector.

Law Council President-elect John Corcoran said, “The Law Council is delighted

that the Senate Inquiry has unanimously recommended three of our key proposals:

a single national Associations Act, a single national Fundraising Act and a specialist

not-for-profit regulatory body.” 

Mr Corcoran said the not-for-profit (NFP) sector played a vital role in the

Australian community. 

According to figures released in 2008 by the Australian Bureau of Statistics, during

the 2006–07 financial year, not-for-profit NFP organisations received income of

more than $74.5 billion and incurred at least $68.3 billion in expenses. This is

equivalent to about 7.5 per cent of Australia’s GDP. 

Those organisations employed nearly one million people and had close to two-and-

a-half million volunteers, making the NFP sector of similar economic importance

to the mining industry or the entire economy of South Australia.

“We urge the Commonwealth Government to implement the reforms

recommended in the report as soon as possible. In our view, those reforms are

long overdue, if the not-for-profit sector in Australia is to make a full contribution

to society,” Mr Corcroan concluded.

Media Contact:

Elenore Eriksson, Director Public Affairs 

P. 02 6246 3716 // M. 0419 269 855

The Law Council of Australia exists to represent the legal profession at the

national level, to speak on behalf of its constituent bodies on national issues, and

to promote the administration of justice, access to justice and general improvement

of the law.

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