AICD submission to the Productivity Commission on Not for Profit sector

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 training for not-for-profit management and boards. In addition to addressing a number of the draft recommendations AICD:

• advocated for a reduction in the compliance burden for NFPs;
• recommended that a single regulatory regime cover all NFPs;
• supported the measurement of the contribution of the not-for-profit sector to the Australian economy;
• recommended that the contribution made by directors of NFPs be specifically measured; and
• cautioned against the use of a common measurement framework if that framework was designed to evaluate the success of individual NFP’s or to compare diverse organisations within the sector in order to make funding decisions.

AICD’s submission highlighted that company directors make a significant economic contribution through their voluntary involvement in not-for-profit boards.

Submission to Productivity Commission on Not for Profit