Background
The AcSB heard feedback that challenges exist with current controlled and related entities standards, including:
- Inconsistent application: Existing definitions of “control” and “significant influence” can be difficult to apply, leading to diversity in practice.
- Limited transparency for users: Disclosures are often high level or boilerplate, making it difficult to understand relationships between entities.
- Complex NFPO structures: NFPOs operate in an increasingly complex environment, often involving multiple related and controlled entities.
Our Consultation Paper seeks to address some of these challenges. Respond now and help us determine whether our proposals appropriately reflect the realities of complex NFPO structures.