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Regulation and Compliance
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Sunday, 20 September 2009 16:28 |
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The legislation and regulations governing occupational health and safety issues for organisations operating in the Australian Capital territory will change on the 1st October 2009 the new Work Safety Act 2008 replaces the OHS Act 1989.
The changes introduced by this new Act have significant implications for not-for-profit organisations that will require these organisations to seriously re-evaluate their operations.
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Governance
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Friday, 18 September 2009 10:14 |
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The Good Governance Program is a NSW state wide learning and development program aimed at voluntary board members of small to medium not-for-profit boards and management committees of organisations that provide services funded by NSW Ageing Disability and Home Care (ADHC) to develop and embed good governance to build the systems's capacity and accountability. The program aims to coordinate the development of a learning and development strategy to support the implementation of ADHC's "Its Your Business" governance resource manual. The program and manual are one of several capacity building initiatives reflecting the Department’s ongoing commitment to developing a sustainable support system for people with a disability, older people and their carers.
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Regulation and Compliance
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Wednesday, 09 September 2009 00:00 |
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One of the seven government reports on aspects of the not‐for‐profit sector comes out next month.
The Productivity Commission’s study into the contribution of the sector is due to release its draft report in late September/early October.
The study will also identify unnecessary barriers to the efficient and effective operation of the sector and examine the broader dynamics influencing its operating environment.
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Tax
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Sunday, 20 September 2009 12:27 |
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In the 2008‐2009 year, some 200 not‐for‐profit entities are going to receive a letter from the Commissioner of Taxation asking them politely to explain why they should continue getting their present tax concessions.
Two hundred audits may not seem a lot in a sector covering some 700,000 organisations, but in Tax Office terms it’s quite significant. In 2006, for instance, they only did 1000 audits for the whole Small and Medium Business sector (covering organisations with turnover under S100 million).
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Tax
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Monday, 14 September 2009 16:21 |
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On 10 September 2009, Tax Laws Amendment (2009 Measures No 4) Bill 2009 was passed by the Senate and is now awaiting royal assent.
The Bill amends the tax law to improve the integrity of prescribed private funds (PPFs). The amendments among other things:
- rename PPFs as private ancillary funds (PAFs)
- move the full administration of those funds under the authority of the Commissioner of Taxation (the Commissioner)
- allow the Commissioner to endorse PAFs as deductible gift recipients (DGRs)
- give the Treasurer the power to make legislative guidelines about the establishment and maintenance of PAFs
- give the Commissioner the power to impose administrative penalties on trustees that fail to comply with the guidelines and to remove or suspend trustees of non-complying funds.
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Governance
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Wednesday, 26 August 2009 22:07 |
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The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen, has asked the Corporations and Markets Advisory Committee (CAMAC), to examine what guidance is necessary for directors to fully understand the responsibilities of their roles.
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