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Charities & Not-For-Profits Law in Australia

Tag Archives: tax provisions

School Building Funds’ Compliance Reminder

Posted in Compliance, Fundraising, General, Governance

A reminder to check your School Building Funds’ compliance with the ATO requirements. School and College Building Funds may attract the attention of the ATO’s compliance program this year.  The ATO develops and implements its compliance program annually, which identifies key areas for its compliance activities for the financial year.  The compliance program targets areas… 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

Public Ancillary Funds – New Laws

Posted in Compliance, Governance, Tax Exemptions & DGR Status

Summary 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