Strengths of the PBO Act
The PBO Act will address the numerous challenges facing PBOs as a result of the unsatisfactory legal framework by:
1. Providing a favorable environment for the setting up, growth and running of PBOs.
2. Putting in place a useful system of rules, laws and institutions that support registration and functioning of PBOs.
3. Triggering a re-birth of values within the sector by strengthening self regulation.
4. Putting in place an independent complaint and redress mechanism – The PBO Disputes Tribunal – to give PBOs and members of the public access to remedies where the self-regulatory mechanisms have failed or where they view decisions by the PBO Regulatory Authority as unsatisfactory.
5. Specifically allowing PBOs to take on commercial activities in order to support their public benefit objectives.
Read full Act below: