The Government has announced that discussions with relevant stakeholders in the not-for-profit (NFP) sector have commenced for the development of a Consultation Code.
The Code will be a practical guide to ongoing consultation between the Government and the NFP sector. The Assistant Treasurer also announced the Government would use the consultations to start a discussion about governance within the sector. In developing a set of principle-based governance standards, Mr Bradbury said the Government wanted to draw from existing governance codes to create national standards under the new regulatory framework to be administered by the Australian Charities and Not-for-profits Commission (ACNC). The standards will come into force from July 2013. Further information is available on the Government’s National Compact website.
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