Australian Charities and Not-for-profits Commission delay welcomed
1 March 2012
A three-month extension on the introduction of the Australian Charities and Not-for-profit Commission would give not-for-profit operators more time to discuss the regulator with government, according to one of Australia’s largest community-based seniors lifestyle and care providers.
“The introduction of a regulator in the not-for-profit sector cannot produce complications for operators. The extra consultation time will give entities more time to examine the effects of this legislation, particularly in complex industries such as aged care.
“It is important there are no unintended duplications in reporting requirements, and with the government delaying the introduction of legislation, there is a greater chance of us having a better system put into place for the long term.
“In already highly regulated and complex governance environments, not-for-profit organisations want their obligations to be clearly defined. We do not want to see a situation where we are putting more resources into paperwork while restricting frontline services,” Ms Murray said.
For further information please contact:
Phone: 4221 6653 or 0419 789 841
Note to Editors: Please refer to IRT as “IRT” not “Illawarra Retirement Trust” – thank you
About IRT: IRT is one of Australia’s largest community based seniors lifestyle and care providers. It has been providing seniors lifestyle and care solutions for over 40 years. IRT manages communities in more than 30 locations across the Illawarra, South Coast of NSW, Sydney and Canberra and provides solutions to over 6000 customers.