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Content Type:
CDM Article
01 Apr 2013
Many not-for-profit (NFP) organisations, were heading into a "perfect storm", if they weren’t already in it. That was the view of Dr John Harte FAICD, the founder and principal of Integrity Governance, when addressing the Australian Institute of Company Directors’ NFP Forum:13 in Sydney last month –...
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Content Type:
The Boardroom Report
14 Nov 2012
Economic and political uncertainty darken directors’ mood, James Strong appointed Company Directors chairman, ACNC establishment gains momentum, Against competition for competition’s sake, Room to improve board review disclosure
Economic and political uncertainty darken directors’ mood
Aust...
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Content Type:
The Boardroom Report
19 Sep 2012
Directors sceptical about the ACNC, The art of being both a cheer leader and the referee, IASB reveals details on new hedge accounting standard, Measuring your organisation's resilience, SMEs dominate insolvency reports
Directors sceptical about the ACNC
A new study confirms widespread scep...
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Content Type:
Media Release
17 Sep 2012
The proposed Australian Charities and Not-for-profits Commission (ACNC) will have no impact or a negative impact on not-for-profit (NFP) governance across a range of areas, according to the findings of an Australian Institute of Company Directors’ study, the Directors Social Impact Study 2012.
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Content Type:
The Boardroom Report
05 Sep 2012
More work needed on revised NFP Bill, Survey reveals concerns about directors' financial literacy, New guide provides clarity for boards and audit committees, ACSI's watch list for this AGM season, ASIC's guidance on crowd funding
More work needed on revised NFP Bill
The A...
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Content Type:
CDM Article
01 Sep 2012
John H C Colvin believes the redrafted Bill aimed at reforming the NFP sector is a win for charities but requires more work.
The estimated 600,000 not-for-profit (NFP) organisations in Australia (around 60,000 of which are charities) play a vital role in our economy and society and we we...
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Content Type:
CDM Article
01 Sep 2012
In a recent address, Mission Australia chairman Ewen Crouch outlined his concerns about proposed NFP reforms. An edited extract of his speech follows.
The Government has released an exposure draft of the Australian Charities and Not-for-profits Commission Bill 2012, which will establish ...
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Content Type:
Media Release
24 Aug 2012
The Australian Charities and Not-for profits Commission (ACNC) legislation introduced this week into Federal Parliament is an important step on the road to reform of regulation for the not-for-profit (NFP) sector.
We welcomed the Government’s changes to provisions in the original draft legislati...
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Content Type:
The Boardroom Report
08 Aug 2012
Warnings against making NFP directors liabilities too onerous, Company Directors moves against ever rising regulation, Tips on how to assess management's effectiveness, Emerging miners' corporate governance struggles, Focuses of the ATO's 2012-13 compliance program
Warnings against making...
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Content Type:
General
21 May 2012
Last week’s announcement by Assistant Treasurer David Bradbury and the Minister for Social Inclusion, Mark Butler, to delay implementation of governance standards in the forthcoming Australian Charities and Not-For-Profits Commission (ACNC) legislation highlights the complexities involved in regulat...
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Content Type:
Policy Submission
15 Mar 2012
Our recent policy submissions span the not-for-profit (NFP) sector, anti-phoenix legislation and dividend payments.
What underpins the rationale for our policy team making submissions in relation to each of these issues is how they affect our members.
Australian Cha...
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Content Type:
Policy Submission
18 Feb 2011
This submission to Federal Treasury sets out our views on the Consultation Paper titled “Scoping Study for a National Not-for-Profit Regulator”, released by the Federal Government on 21 January 2011.
The submission noted Company Directors’ support for the overal...
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Content Type:
CDM Article
01 Aug 2010
An outline of some of the issues addressed by the Australian Institute of Company Directors’ Policy and Advocacy team.
Policy Update
Changes to Corporate Governance Principles
On 30 June, the ASX Corporate Governance Council released final changes to the Corporate Governance Principles and...
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Content Type:
Policy Submission
11 Jun 2010
On 9 June 2010, the Australian Institute of Company Directors wrote to the Hon Chris Bowen MP regarding the test for the payment of dividends included in the Corporations Amendment (Corporate Reporting Reform) Bill 2010. Pursuant to the Bill companies will need to ensure that amongst other things, t...
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Content Type:
CDM Article
01 Apr 2010
A number of reform initiatives could lead to an overhaul of the not-for-profit (NFP) sector. We asked three NFP directors how they believed the role of directors could change and what new challenges could be created for them.
Shaking up the NFP sector
Darren Beazley MAICDPresident, Asth...
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Content Type:
Policy Submission
02 Mar 2010
We are concerned that current laws on insolvent trading sometimes prevent the best stakeholder outcomes from being achieved. They make trading out of insolvency not only extremely risky but they prohibit it for the directors of a company in solvency stress. Each director faces being held personally ...
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Content Type:
Policy Submission
03 Feb 2010
In a submission dated 3 February 2010 AICD provided its comments to Federal Treasury on the exposure draft of the Corporations Amendment (Corporate Reporting Reform) Bill 2010. AICD supported most of the proposed amendments, although it expressed opposition to changing the current wording of the dir...
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Content Type:
Policy Submission
24 Nov 2009
On 24 November 2009, AICD provided a submission in response to the Productivity Commission’s draft research report into the Contribution of the Not-for-Profit Sector. The submission strongly supported the recommendation made by the Commission that Australian governments should support and promote tr...
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Content Type:
CDM Article
01 Nov 2008
Charities and NFPs in the spotlight
With about 700,000 not-for-profit (NFP) organisations in Australia a large majority of us participate in this sector, which includes clubs, sporting organisations, churches, charities, and member organisations such as AICD.
The governance, accounting and auditing...
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Content Type:
Policy Submission
23 Sep 2008
AICD believes that a ‘light touch’ needs to be applied in reforming not-for-profit (NFP) regulation so that volunteers and donors are not dissuaded by red tape from contributing their time, expertise and money to the sector. Cost burdens need to be balanced against the benefits of any regulatory reg...