On 19 September 2018, the AICD made a submission to Treasury on the draft External Conduct Standards (ECS) which will apply to charities registered with the Australian Charities and Not-for-profits Commission that undertake activities or send monies overseas.
The AICD has made a number of recommendations on how the ECS can be improved, including through:
- Refining the application of the ECS to make it clear that Charities who operate in Australia and partner with other parties who operate in foreign jurisdictions are not captured by the ECS unless their partnership concerns activities intended to be captured by the ECS;
- Removing repetition of requirements listed elsewhere in the ACNC’s legislative framework; and
- Improving the way risk is referred to in the ECS through focusing on the development of appropriate controls rather than on ‘minimising risk.’
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