Assistant Treasurer Bill Shorten and Minister for Social Inclusion Tanya Plibersek have released a consultation paper on the design of a new national regulator for the not-for-profit sector.

Treasury will use the consultation paper to seek the views of stakeholders on the goals of national regulation, the scope of national regulation, and the functions and form of a national regulator.

Submissions in response to the paper close on February 25, 2011.