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10 - Conclusion

from Part III - Charities and Accumulation Reformed

Published online by Cambridge University Press:  23 July 2021

Ian Murray
Affiliation:
University of Western Australia, Perth
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Summary

The book concludes that accumulation rules do not clearly incorporate a normative basis for determining an intergenerational allocation of benefits and so should be reformed to require regard to principles of intergenerational justice. Further, while the present generation is able, in some circumstances, to disregard spending restrictions and ongoing accumulation requirements, it is asserted that current charity controllers should have greater ability to disregard accumulation restrictions or requirements so as to adopt different principles of intergenerational justice, or to pursue the same principles of intergenerational justice, but in a more efficient way. Finally, the book argues that there is a range of legal restraints that seek to reduce the agency costs from accumulation and that the critical issue is the ability of regulators to work cooperatively to fill in gaps.

Type
Chapter
Information
Charity Law and Accumulation
Maintaining an Intergenerational Balance
, pp. 272 - 282
Publisher: Cambridge University Press
Print publication year: 2021

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  • Conclusion
  • Ian Murray, University of Western Australia, Perth
  • Book: Charity Law and Accumulation
  • Online publication: 23 July 2021
  • Chapter DOI: https://doi.org/10.1017/9781108854283.015
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  • Conclusion
  • Ian Murray, University of Western Australia, Perth
  • Book: Charity Law and Accumulation
  • Online publication: 23 July 2021
  • Chapter DOI: https://doi.org/10.1017/9781108854283.015
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Conclusion
  • Ian Murray, University of Western Australia, Perth
  • Book: Charity Law and Accumulation
  • Online publication: 23 July 2021
  • Chapter DOI: https://doi.org/10.1017/9781108854283.015
Available formats
×