Policy Discussion: Investing Unclaimed Funds Where Needed Most - CCA Members Only

30 April,2014, Sydney

There is approximately $500 million of unclaimed funds in lapsed financial accounts in Australia. As part of our 2014 budget submission, CCA has called for the investment of these funds to help build capacity in the not-for-profit sector.

CCA invites members to join CEO David Crosbie, and corporate engagement expert Ian Cook in a roundtable discussion in Sydney on this topic. Ian has conducted extensive research on this matter, and we would value member's input as we progress this concept.

We hope to provide you with a summary of Ian's work and insights into this area, and generate disucssion of ways forward and action to take. Agenda provided upon RSVP.

Topic overview:

  • Australian financial institutions, including banks and insurance companies, hold significant amounts of money in unclaimed lapsed accounts. These quanitfy around $500 million.
  • These accounts are a liability and expense for the responsible companies - no longer of benefit to their original owner nor to Australian businesses. Under current legislation, Government receives the proceeds from unclaimed accounts, which in the past, they have been reluctant to forego.
  • It is suggested that the NFP sector explore alternative approaches to cede companies’ liability and utilise the funds for where it is needed most. CCA’s 2014 Budget submission proposes this is as an opportunity to establish an NFP bank that injects much needed investment into the sector.
  • Similar to international models, this would involve a one off substantial capital injection of unclaimed funds to allow low interest rate investment for NFP projects, which generate increased income and returns to loan applicants. Examples might include underwriting a merger between two NFP organisations or the expansion of an aged care facility to increase bed numbers and build economies of scale for the provider.
  • A NFP bank offers to support income generation and capacity building of NFP organisations that currently encounter real barriers from accessing investment from for-profit financial markets.

Special thanks to event sponsor: Pricewaterhouse Coopers

Join the discussion and resgister here.

 

Post Budget Policy Briefing Canberra - CCA Members Only

10.00-11.30am 14 May, Ostanis 18 National Circuit Canberra

Are you interested in:

  • The impact of the Federal Budget on the not for profit sector as a whole
  • Efforts to repeal and steps to maintain the ACNC
  • A discussion with fellow CCA members on securing five year term Govt funding agreements?

Please join CEO David Crosbie and CCA members for a policy briefing after the Federal Budget. Full agenda sent upon RSVP.

Resgister here.

 

Post Budget Policy Briefing Melbourne - CCA Members Only

12.00-2.30pm 15 May, The Net Balance Foundation, 4/460 Bourke Street, Melbourne

Are you interested in:

  • The impact of the Federal Budget on the not for profit sector as a whole
  • Efforts to repeal and steps to maintain the ACNC
  • A discussion with fellow CCA members on securing five year term Govt funding agreements?

Please join CEO David Crosbie and CCA members for a policy briefing after the Federal Budget. Full agenda sent upon RSVP.

Special thanks to event sponsor: Net Balance Foundation

Resgister here.

 

How to influence Government Policy Workshop

9.30am - 4.00pm Friday 23 May, Melbourne

Learn and share approaches to build government relationships and influence policy. Issues covered include:

  • How to indentify issues that are relevant to your organisation
  • The planning process to developing the submission
  • Designing and implementing at lobbying campaign
  • How to know when your submissionis successful

Workshop sponsored and supported by CCA member St John Ambulance Australia.

Register here.