June 2010 - Six of One, Half a Dozen of the Other

18 June 2010

Six of One, Half A Dozen of the Other is SOLGM's submission to the Select Committee on the so-called TAFM legislation.

Our thanks to the individuals and organisations who prepared or responded to this draft - but especially to the members of the Financial Management and Strategic PlanningWorking Parties.

SOLGM says that:

• there is much in the Bill that SOLGM supports
• the Bill is based on a fundamental misunderstanding of why rates are increasing
• the proposals in the Bill may make it easier to identify key issues in plans and reports
• the Bill does not introduce 'plain English' financial reporting
• performance comparisons have risks as well as benefits
• across the board reductions in regulation and compliance burden are limited at best
• whatever change is to happen, must happen in the next four months.

Click here to download SOLGM's Six of One, Half A Dozen of the Other submission (PDF 362KB)