Governance

By William Buck on 12/06/19 - Mins to read: 3 minutes

Within the NFP sector, there have been several new governance regulations introduced. The below articles provide a snapshot into the recent changes and key issues to be aware of within the NFP sector that may impact on the governance of your organisation. AICD updates governance principles At a time when...
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Financial reporting insights

By William Buck on 12/06/19 - Mins to read: 3 minutes

Applying standards This year is big for NFPs that report in compliance with accounting standards. The following complex accounting standards apply for annual reporting commencing on or after 1 January. Year-enders on 31 December are first cabs off the rank. The standards to watch out for are: AASB 15...
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Not for Profit News- Fraud & NOCLAR, Ethics, Governments & ATO

By William Buck on 12/06/19 - Mins to read: 3 minutes

Fraud and NOCLAR What good local government integrity frameworks look like A new 88-page research report shows how several local governments protect themselves against corruption. Released by the Independent Broad-based Anti-corruption Commission, Local government integrity frameworks review identifies a sample of councils that have built solid anti-corruption frameworks, providing...
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The 100-day action plan

By Amy Kitson on 12/06/19 - Mins to read: 3 minutes

The top 3 things that should be in Scott Morrison's 100-day action plan With a ‘miracle’ win for leader Scott Morrison and the Coalition over the weekend, it appears by July 1, Parliament will be back in business - for business. So, what’s next? When setting a strategy, the first...
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Benchmarking your practice

By Belinda Hudson on 12/06/19 - Mins to read: 3 minutes

‘Benchmarking’ is a term that has been around for many years in the business world, and it can go in and out of fashion just like your favourite pair of jeans. So, in today’s healthcare industry, is benchmarking still relevant? How does it work and how do you interpret results?...
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Selling your practice to Millennials

By Belinda Hudson on 12/06/19 - Mins to read: 3 minutes

If you’re starting to consider retirement and the sale of your practice, you’re not alone. With the aging of the Baby Boomer generation (those born between 1946 and 1964), the percentage of Australians set to retire is dramatically increasing and will continue until approximately 2034. We can, therefore, assume there...
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