The Assistant Treasurer Bill Shorten has released a consultation paper, Review of Not-for-profit Governance Arrangements, which seeks views from the not-for-profit (NFP) sector on what the core governance principles that apply to all NFP organisations should be and how a single governance system could best serve NFPs’ needs.

The outcomes of the governance review will help form the governance requirements for registered entities in the Australian Charities and NFPs Commission legislation.

The paper builds on work previously completed in the Final Report on the Scoping Study for a National Not-for-profit Regulator, which discussed streamlining the governance arrangements in the NFP sector.