The Institute has lodged its submission to the Senate Economics Committee’s inquiry into disclosure regimes for charities and not-for-profit organisations (see ANT28/2008). 
 
Our four main recommendations to the Committee were:

1. A single national disclosure and regulatory regime for not for profit organisations (NFPs) should be introduced. 
   
2. The issue of a single disclosure and regulatory regime should be referred to the Minister for Superannuation and Corporate Law for development in the context of the Green Paper on financial services issued on 3 June 2008. 
   
3. The regulatory regime should operate under a tiered system on the basis of revenue thresholds. 
   
4. There ought to be a single, separate accounting standard for NFPs, with appropriate recognition for small, non-complex NFPs.