Australia: Treasury consults on governance standards for charities

The Treasury has published a consultation paper in which views are sought on proposals to introduce governance standards for charities registered with the Australian Charities and Not-for-profits Commission: see here (pdf). For the purposes of the paper, governance is defined as "the set of practices and procedures in place to ensure that an entity operates to achieve its objectives in an effective and transparent manner" and six governance standards are proposed which would apply to registered charities from 1 July 2013.