In response to the Treasury's Discussion Paper on Unclaimed Funds, Community Council for Australia provided a submission to Treasury and met with Treasury Officials to advocate for the diversion of unclaimed moneys into a capital fund that supports viable investment options in the not-for-profit sector. This addiional capital pool for the not-for-profit sector will deliver real economic and social benefits for governments and our communities in the longer term.
This submission outlines the Community Council for Australia (CCA) response to the Australian Charities and Not-for-profits Commission Repeal Bill 2014. This is the fourth submission by CCA in relation to the establishment of the Australian Charities and Not-for-profit Commission (ACNC). CCA has also appeared before the Senate Economics Committee, Joint Committee on Corporations and Financial Services, and the Senate Community Affairs Committee to give evidence on Bills relating to the ACNC.
This is the third submission on this legislation that has been prepared with the members of the Community Council for Australia (Attachment 2) as well as other key organisations in the not-for-profit sector, academics, lawyers, government officials, and key policy advisors.
Effective financial systems for the not for profit sector and the community
This submission promotes discussion about financial system issues that are impacting across the NFP sector now and into the future. Addressing some of these issues will deliver real economic and social benefits for governments and our communities in the longer term.
$35 Million Plan to Strengthen the NFP Sector
Informed by expert consultation with members, CCA’s pre-budget submission outlines seven measures to drive real economic savings for Government, whilst simultaneously strengthening Australia’s not-for-profit sector.