AHRI
MEDIA, JOBS & RESOURCES for the COMMON GOOD
NEWS  | 

Changes to GST Laws for NFPs


Thursday, 21st October 2010 at 12:15 pm
Staff Reporter
The Federal Treasury has released exposure draft legislation outlining changes to improve the administration of the GST law as it relates to 'non-profit sub-entities'.

Thursday, 21st October 2010
at 12:15 pm
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Changes to GST Laws for NFPs
Thursday, 21st October 2010 at 12:15 pm

The Federal Treasury has released exposure draft legislation outlining changes to improve the administration of the GST law as it relates to 'non-profit sub-entities'.

This legislation will implement recommendations from the Board of Taxation’s review of the legal framework for the administration of the GST, which were agreed to by the Government on 12 May 2009.

The amendments to the GST Act allow non-profit sub-entities to access the GST concessions available to their parent entity.

The current law does not specify whether non-profit sub-entities can access the same GST concessions as their parent entity.

The draft will be discussed in detail at the ATO Charities Consultation Committee meeting on 1 November in Brisbane.

Interested parties are invited to comment on the exposure draft material.

Closing date for submissions: Wednesday, 27 October 2010

Address written submissions to:
The General Manager
Indirect Tax Division
The Treasury
Langton Crescent
PARKES ACT 2600
Email: GSTadministration@treasury.gov.au

Information on making a submission can be found here. 
Download the explanatory notes here [PDF].  
 




Got a story to share?

Got a news tip or article idea for Pro Bono News? Or perhaps you would like to write an article and join a growing community of sector leaders sharing their thoughts and analysis with Pro Bono News readers?

Get in touch at news@probonoaustralia.com.au

Tags : ATO, GST, Taxation, Treasury,

 Print

Get more stories like this

FREE SOCIAL
SECTOR NEWS

Write a Reply or Comment

Your email address will not be published. Required fields are marked *



YOU MAY ALSO LIKE

Australians Are Giving Less

Wendy Williams

Thursday, 14th June 2018 at 8:00 am

How to Survive the NDIS Cash Crunch

Scott Girdlestone

Wednesday, 11th April 2018 at 3:55 pm

ACNC Review Panel and Terms of Reference Released

Luke Michael

Wednesday, 20th December 2017 at 5:23 pm

Australian Gift Deductions Take a Great Leap Forward

Lina Caneva

Thursday, 12th October 2017 at 8:10 am

POPULAR

Man Battling Cancer and Centrelink Raises Social Media Storm

Paul Carter

Tuesday, 10th July 2018 at 12:42 pm

Shorten and Abbott Defend Catholics Against ACNC Probe

Luke Michael

Monday, 16th July 2018 at 4:25 pm

New Research Looks to Improve Disability Employment Rate

Luke Michael

Monday, 9th July 2018 at 2:35 pm

Study Suggests Cooperatives Could Hold Key to Fixing Housing Crisis

Luke Michael

Wednesday, 11th July 2018 at 3:08 pm

AHRI
pba inverse logo
Subscribe Twitter Facebook

Get the social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!