Third meeting of the Prime Minister’s Community Business Partnership
The Partnership met on 26 November 2015 with the Minister for Social Services, the Hon Christian Porter MP, to report on progress and recommend action to Government aimed at giving donors more flexible options to support community outcomes.
[L to R: Peter Treseder, Angela Perry, The Hon Dr Peter Hendy MP, Colleen McGann, Gary Johns, The Hon Christian Porter MP, Peter Scott, Nicola Forrest, Ben Gales, Kevin Bailey, Tony Stuart, Alexandra Gartmann]
Discussion focussed on more flexible options to tap into the expected intergenerational wealth transfer associated with the ageing ‘baby boomer’ cohort. A growing number of Australians are in a position to give on a significant scale and as this generation ages, the wealth available for transfer through bequests is forecast to grow from $8.8 billion in 2000, to more than $70 billion in 2030. The discussion also highlighted the potential for social impact investment to redirect private capital for social good outcomes and the importance of innovative emerging technology to offer up new opportunities for the not‑for-profit sector to engage with donors.
The Hon Dr Peter Hendy MP, took part in the meeting for the first time in his role as the Assistant Minister for Productivity. Assistant Minister Hendy outlined the shift to the new regulatory reform agenda and discussed ideas from Partnership members.
[The Hon Christian Porter MP addresses the Partnership]