Tuesday, December 27, 2005

VWOs welcome tighter rules particularly on fund raising matters

VWOs welcome tighter rules particularly on fund raising matters: "VWOs welcome tighter rules particularly on fund raising matters
Organisations working in the charity sector say an overhaul of the regulatory system is long overdue.

They say the 30:70 rule on fund raising expenses is one of the key areas that needs addressing.

A charity show can raise millions of dollars in just one night, but they come with production costs that are taken from the donations.

The 30:70 rule limits the amount of fund raising expenses to 30 per cent of the donated money."

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