Not for Profits facing Challenges: ACNC Commissioner

5 August 2015 By Via Australian Charities & Not-for-profits Commission

Article via Australian Charities and Not-for-profits Commission

The Commissioner of the Australian Charities and Not-for-profits Commission (ACNC), Susan Pascoe AM, opened Leadership Victoria's NFP Board Leadership: A Brave New World conference on Friday 24 July 2015.

The ACNC Commissioner stated that the sector was under recognised for the essential work it does for the community.

“The NFP sector hasn’t been given the glass slipper yet,” Ms Pascoe said.

“However, people are starting to take a second look, realising the sector has some very attractive qualities.”

Ms Pascoe explained that the NFP sector’s ability to contribute to the Australian community is underpinned by its sheer size.

“The NFP sector in Australia is enormous,” Ms Pascoe said.

“According to Australian Bureau of Statistics figures, the sector has annual revenue of over $100 billion, assets of almost twice that, and it employs 8% of Australia’s workforce.

“To put that in perspective, the income of the NFP sector is larger than the Agriculture and Fishing Industry, and the number of employees is five times higher than the mining sector.

“While there is no doubt that the Australian NFP sector is economically significant, the sector is not without its challenges.

Ms Pascoe highlighted three key issues facing the NFP sector going forward.

“Over the next five years, I believe that the sector will face three particularly important challenges: income, performance measurement, and efficiency.

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