Go Salary
MEDIA, JOBS & RESOURCES for the COMMON GOOD
News  |  Governance

ATO Releases Self-Governance Checklist for NFPs


Thursday, 6th October 2011 at 11:44 am
Staff Reporter
The Australian Tax Office has released a checklist to help Not for Profit organisations with their tax and superannuation affairs.

Thursday, 6th October 2011
at 11:44 am
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
ATO Releases Self-Governance Checklist for NFPs
Thursday, 6th October 2011 at 11:44 am

The Australian Tax Office has released a checklist to help Not for Profit organisations with their tax and superannuation affairs.

The Self-governance checklist for Not for Profit organisations helps organisations review their tax obligations and status as a Not for Profit organisation.

Michael D’Ascenzo, the Commissioner of Taxation, says the checklist encourages charities and other Not for Profit organisations to review their continued entitlement to tax concessions and to help them meet their tax and super obligations

D’Ascenzo says Not for Profit organisations need to manage risks to their performance and reputation, so it is important to have a robust governance and tax risk management framework in place.

The checklist helps organisation identify, assess and avoid material tax and super risks, and maintain high standards of compliance.

D’Ascenzo says governance focus of the checklist will also enhance voluntary compliance and contribute to community confidence that tax concessions within the Not for Profit sector are being used as intended for the benefit of the community.

Not for Profit organisations from across the sector took part in the development of the checklist.

For more information, or to download the ‘Self governance checklist’, visit http://www.ato.gov.au/nonprofit/content.aspx?doc=/content/00292727.htm




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

 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Your email address will not be published.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

Not-for-profit governance in the spotlight

Contributor

Thursday, 8th August 2019 at 7:00 am

Australia’s largest Indigenous organisation forced to shut up shop

Maggie Coggan

Monday, 29th July 2019 at 5:30 pm

Lessons from the banking royal commission for the NFP sector

Contributor

Tuesday, 11th June 2019 at 7:40 am

A fairer tax system?

Joe Zabar

Tuesday, 4th June 2019 at 8:18 am

POPULAR

Our royal commission is not yet a safe place for people with disability

Emma Bennison

Wednesday, 6th November 2019 at 4:59 pm

Disability royal commission begins amid fears around support services

Luke Michael

Monday, 4th November 2019 at 12:58 pm

Report finds NFP boards lack leadership in fundraising

Luke Michael

Wednesday, 13th November 2019 at 2:30 pm

Why Australia needs more noisy charities!

David Crosbie

Thursday, 7th November 2019 at 8:58 am

Go Salary
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!