Independent Review – Department of the Treasury
On 5 December 2017, the Government announced reforms of the administration and oversight of organisations with deductible gift recipient (DGR) status. The changes were designed to strengthen governance arrangements, reduce administrative complexity and ensure continued trust and confidence in the sector.
Consistent with the Government’s Regulation Impact Statement (RIS) requirements, the Department of the Treasury (Treasury) certified a number of documents as meeting the requirements of a RIS for these reforms. As per the arrangements at that time, the Office of Best Practice Regulation (OBPR) was not required to conduct any assessment of independent reviews or RIS-like documents certified by departments.
The Treasury estimated the average annual regulatory costs at $197 803.
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