Summary – The Treasurer released a consultation paper on charitable fundraising reform in February 2012. The Treasury recently released a discussion paper and draft regulation impact statement in relation to proposed charitable fundraising reform. At the moment, all States and Territories in Australia (except the Northern Territory) have their own fundraising regulations and they have… Continue Reading
Monthly Archives: March 2012
Netball NSW 2012 Conference
Posted in GeneralSummary – Makinson & d’Apice Lawyers presented at the 4th Biennial Netball NSW Conference. On the sunny morning of Saturday, 25 February 2012, Kylie Maxwell and I gave presentations to attendees of the 4th Biennial Netball NSW Conference at Sydney Olympic Park. The Conference was organised by Netball NSW and we were honoured to have… Continue Reading
Public Ancillary Funds – New Laws
Posted in Compliance, Governance, Tax Exemptions & DGR StatusSummary New laws introduced on 1 January 2012 change the way public ancillary funds are structured, operated and wound up. On 1 January 2012, new laws governing the definition and operation of public ancillary funds came into force. The definition is now the cornerstone for organisations seeking to have their ancillary fund endorsed by the Australian Taxation Office… Continue Reading
Delayed Commencement of ACNC
Posted in General, Tax Exemptions & DGR StatusThe Government has just announced the delay of the commencement of the ACNC and the setting up of a working group to work through major tax reforms for the Not-For-Profits sector. The Assistant Treasurer announced on 1 March 2012 that the ACNC will not commence operation until 1 October 2012. The Assistant Treasurer and Minister… Continue Reading