Guide to Giving
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  |  Politics

Tax Concessions & the NFP Sector


Monday, 5th November 2012 at 9:48 am
Staff Reporter
The Federal Government’s Not-for-profit Sector Tax Concession Working Group has released a discussion paper seeking public submissions on how tax concessions can be improved to assist the NFP sector.


Monday, 5th November 2012
at 9:48 am
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Tax Concessions & the NFP Sector
Monday, 5th November 2012 at 9:48 am

The Federal Government’s Not-for-profit Sector Tax Concession Working Group has released a discussion paper seeking public submissions on how tax concessions can be improved to assist the NFP sector.

Called Fairer, simpler and more effective tax concessions for the not-for-profit sector, the discussion paper considers the entire range of tax concessions provided to the sector by the Federal Government, with a view to identifying reform options that could improve their effectiveness, in supporting the work of the sector.

The Chair of the Not-for-Profit Sector Reform Council, Linda Lavarch says the working group’s discussion paper is looking for input on a range of options that would reform the way in which the current envelope of support is provided to the sector.

“Tax concessions for the NFP sector are a longstanding and critical part of the Australian Government’s support for the important work of the sector. Reviewing these concessions to ensure that support is provided in the most effective possible way is important given the significant contribution that the sector makes to the lives of all Australians,” she said.

“The purpose of the paper is to stimulate discussion, debate and feedback to the NFP Sector Tax Concession Working Group. It is not a position paper and the options canvassed are not recommendations, the Assistant Treasurer David Bradbury said.

The NFP Sector Tax Concession Working Group was established in February 2012 with terms of reference requiring it to consider ideas for better delivering the support currently provided through tax concessions to the NFP sector.

Working Group Membership includes:

Linda Lavarch (Chair), Not-for-Profit Sector Reform Council
John Emerson AM, Herbert Smith Freehills
Brian Lucas, Catholic Archdiocese of Sydney
Elizabeth Lucas, Grant Thornton Australia
Greg Mackie OAM, SA Health
Tim Morris-Smith, Mission Australia
Heather Neil, RSPCA
Ann O’Connell, University of Melbourne
Anne Robinson, Prolegis
Miranda Stewart, University of Melbourne
Joe Zabar, UnitingCare Australia

The Working Group's final report is expected to be delivered to the Government by March 2013.

The deadline for written submissions in response to this discussion paper is by 10am on Monday December 17, 2012.

The discussion paper is available for download from the Treasury website.
 



Guide to Giving

FEATURED SUPPLIERS


Helping the helpers fund their mission…...

FrontStream Pty Ltd (FrontStream AsiaPacific)

HLB Mann Judd is a specialist Accounting and Advisory firm t...

HLB Mann Judd

Yes we’re lawyers, but we do a lot more....

Moores

NGO Recruitment is Australia’s not-for-profit sector recru...

NGO Recruitment

More Suppliers


YOU MAY ALSO LIKE

Mental Health Groups Call for Same-Sex Marriage to Prevent Suicide

Luke Michael

Thursday, 21st September 2017 at 4:24 pm

Public Interest / Private Interest – A Fundamental Distinction

David Crosbie

Thursday, 14th September 2017 at 8:46 am

Boosting Philanthropy For A Stronger Australia

Wendy Williams

Monday, 11th September 2017 at 5:16 pm

POPULAR

Moves to Stop Volunteering at Overseas Orphanages

Luke Michael

Wednesday, 13th September 2017 at 1:54 pm

Future Uncertain for Disability Organisations Following Funding Cuts

Wendy Williams

Tuesday, 19th September 2017 at 8:29 am

Majority of NFPs Are Not Believed to be Well-Run, According to New Survey

Luke Michael

Tuesday, 12th September 2017 at 4:14 pm

More Australians Are Giving Time Not Money

Wendy Williams

Monday, 11th September 2017 at 5:07 pm

Write a Reply or Comment

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


Guide to Giving
pba inverse logo
Subscribe Twitter Facebook

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

You have Successfully Subscribed!