Not-for-profit reforms: Where are we now?

Key Points:

There have been some important developments in the Federal Government's ambitious reform agenda for the not-for-profit sector, even while the centrepiece of those reforms experiences continuing deferrals.

The good news on the Federal Government's ambitious Not-for-Profit sector reforms is that recent months have revealed some important developments, providing some comfort to those who are concerned that the reforms would simply add to the existing regulatory burdens on the sector. These include amending the tone and scope of proposed legislation, greater clarity on the process for agreeing governance standards and promising signs of harmonising regulatory requirements.