Adele Ferguson opened her fabulous BRW cover story about the not-for-profit sector as follows:
Australia’s $70-billion not-for-profit sector is
out of control. Despite being almost 10% of the economy and employing more than
600,000 people, it is dangerously unaccountable, lacks transparency and is
inefficient. It is the black hole of Australia’s economic system, and it is
getting bigger every day. Even the Australian Taxation Office (ATO) has no idea
what the sector is worth, how the organisations spend their money, or even how
many there are. Nor does it have a complete list of which organisations have a
tax exemption – organisations that take billions of dollars of tax revenue
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