Not-for-profit reforms on COAG's agenda

Key Points:

COAG has established a NFP Reform Working Group to develop an effective approach to the regulation of the NFP sector and reducing the regulatory burden on the sector where possible.

At their most recent meeting earlier this month, the Council of Australian Governments (COAG) agreed to take the first steps towards developing an effective approach to regulation of the not-for-profit sector and reducing the regulatory burden on the sector where possible.

What's already happened

The Commonwealth Government has previously announced far-reaching reforms for NFPs, including:

• the establishment of a national regulator, the Australian Charities and Not-for-profits Commission (ACNC), which is now scheduled for 1 October 2012;