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ARTICLE · 09 FEBRUARY 2013

COAG Regulatory Impact Statement released for Consultation

COAG has released the RIA of potential duplication of governance and reporting standards for charities.

AustraliaCorporate/Commercial Law
Anna Lewis
Anna Lewis

Summary - COAG has released the Regulatory Impact Assessment (RIA) of potential duplication of governance and reporting standards for charities.

On 25 January, COAG released a Regulatory Impact Assessment (RIA) concerning potential duplication of governance and reporting standards for charities.

COAG says the purpose of the RIA is to identify and quantify the extent of duplication between existing and proposed governance standards and reporting requirements on charities, with a view to assisting a final report to COAG to determine whether it is a problem that would warrant government action.

The RIA process provides stakeholders with an opportunity to provide feedback on the extent of regulatory duplication for entities currently regulated by both the Australian Charities and Not-for-profits Commission (ACNC) and State/Territory regulators.

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