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Charities & Not-For-Profits Law in Australia

Monthly Archives: May 2012

New Co-operatives (Adoption of National Laws) Bill 2012

Posted in Compliance, Governance

Summary – Uniform national laws changing the legislative requirements for co-operatives have passed the NSW Parliament and have been introduced into every State Parliament. On 10 May 2012, New South Wales Fair Trading Minister Anthony Roberts welcomed the passage of the new Co-operatives (Adoption of National Laws) Bill 2012. The new national law scheme introduces a… Continue Reading

NFP Reform – Government Slow Down

Posted in Compliance, General, Governance, Tax Exemptions & DGR Status

Summary – The Assistant Treasurer has announced that NFP reforms will be slowed to allow organisations in the sector to transition to the new framework. The Assistant Treasurer, David Bradbury MP, has announced that the Government will slow down or “stage” the introduction of regulatory reform for the charities and Not-For-Profit sector to allow organisations… Continue Reading

In Australia Tax Concession Requirements Reviewed

Posted in Compliance, General, Governance, Tax Exemptions & DGR Status

Summary – The Assistant Treasurer has issued a further Exposure Draft on proposed legislation restating and standardizing special conditions for tax concession charities including the “In Australia” conditions. The Assistant Treasurer has now released a further Exposure Draft of legislation restating and standardising special conditions for tax concession entities and, in particular, refining the “In… Continue Reading