From www.aicd.com.au: The Australian Institute of Company Directors submitted feedback to the Treasury regarding the extension of charity transitional reporting arrangements, advocating for improved governance and reduced regulatory burdens on non-profit organizations.

AICD supports continued transitional reporting to alleviate financial reporting requirements for over 3,000 charities and emphasizes the importance of coordinated and proportionate regulation for the financial sustainability of the sector.

Additionally, the AICD endorses key regulatory initiatives from the recent Not-for-Profit Sector Development Blueprint aimed at reforming the sector over the next decade.