The AICD does not believe the term ‘not-for-profit’ should be changed.

The term is imperfect, however there is no perfect alternative and the potential benefits of a change in terminology would not necessarily outweigh the costs. As such, AICD believes that it would be more impactful to direct the energy spent on this debate towards building a more complete understanding of the role of NFPs in the Australian community.

You can read our submission here (1 MB).