RED TAPE TO BE SLASHED FOR CHARITIES & NFPs

The Minister for Finance and Deregulation, Lindsay Tanner, and the Parliamentary Secretary for the Voluntary Sector, Senator Ursula Stephens, said the Rudd Government committed to slashing red tape in the multi-billion dollar non-profit sector that provides valuable community services for those in need. The decision was made at the COAG Business Regulation and Competition Working Group (BRCWG) meeting held in Melbourne which was chaired by Lindsay Tanner and Dr Craig Emerson. The BRCWG agreed to start work immediately on how to implement a standard Chart of Accounts and a nationally consistent approach to fundraising.