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Charities & Not-For-Profits Law in Australia

Tag Archives: Treasury

External Conduct Standards for Charities

Posted in acnc, charities, Compliance, General, Governance, Liability & Risk, regulations, Treasury

The ACNC legislation passed in 2012 allowed for the creation of minimum external conduct standards that are required to be met by registered charities. To date, this issue seems to have been in the government’s too hard tray but Treasury has now issued draft external conduct standards and is seeking submissions on them. The draft… 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

Government Reforms of NFP Sector Abound

Posted in Compliance, Governance, Tax Exemptions & DGR Status

The Federal Government has been working on the reform of the Charities and Not-For-Profit sector arduously before the Christmas break. In particular, the Government has released: a consultation paper reviewing Not-For-Profit governance arrangements (submissions due 20 January 2012); an exposure draft of legislation to create the ACNC (submissions due 20 January 2012); a draft tax ruling… Continue Reading