Australia's Productivity Commission has released its draft research report on the contribution of the not-for-profit sector.

The report recommends, amongst other things, clearer governance and accountability of NFP's via a consolidated regulatory framework that provides a simple one-stop-shop for Commonwealth registration and tax endorsement for NFPs. This would bring together the multiplicity of governance, taxation and fundraising regulatory arrangements, especially at the Commonwealth level.
The Commission proposes the establishment of a ‘one-stop shop’ for Commonwealth regulation in the form of a Registrar of Community and Charitable Purpose Organisations. This could be a new organization or a statutory division of the Australian Securities and Investments Commission, and would replace the equivalent functions in existing regulators, including incorporating the Office for Registrar of Indigenous Corporations.

Further details are available from Australian Regulatory Compliance Review.