Criterion
MEDIA, JOBS & RESOURCES for the COMMON GOOD
NEWS  |  Politics

More Than 1,000 Organisations Lose Charity Status


Tuesday, 22nd March 2016 at 11:14 am
Lina Caneva, Editor
The Australian charity regulator has revoked the charity status of 1,269 organisations for failing to complete two Annual Information Statements despite multiple reminders.

Tuesday, 22nd March 2016
at 11:14 am
Lina Caneva, Editor


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
More Than 1,000 Organisations Lose Charity Status
Tuesday, 22nd March 2016 at 11:14 am

The Australian charity regulator has revoked the charity status of 1,269 organisations for failing to complete two Annual Information Statements despite multiple reminders.

As many as 400 charities were revoked in New South Wales.

As a consequence of losing their charity status, the Australian Charities and Not-for-profits Commission said the charities would lose access to Commonwealth charity tax concessions, including deductible gift recipient status, income tax exemption, Fringe Benefits Tax rebates, and Goods and Services Tax concessions.

ACNC Commissioner Susan Pascoe AM said the Australian Taxation Office would be in contact with these charities in the near future to finalise these changes.

“These charities may now be required to submit an income tax return for their organisations and pay tax on the income they make,” Pascoe said.

“If these charities want to remain registered with the ACNC, they need to contact the ACNC as a matter of urgency and submit all their outstanding Annual Information Statements and financial reports.

“Out of the 2,431 that were notified last month, 1162 submitted their outstanding statements. This is a significant number and I would like to acknowledge these charities for understanding the seriousness of this process and correcting matters.

“It’s also important to recognise that some of the charities that had their statuses revoked last week may simply have ceased operations. This is not unusual, but I would like to remind charities about proper winding up procedures which include formally notifying the ACNC.”

The ACNC said the charities would receive official notice of their status revocation in the coming days and a list will be available here.


Lina Caneva  |  Editor  |  @ProBonoNews

Lina Caneva has been a journalist for more than 35 years, and Editor of Pro Bono Australia News since it was founded in 2000.


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 : ACNC, ATO,

 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

New Deal Sees Red Tape Cut For NSW Charities

Maggie Coggan

Tuesday, 11th September 2018 at 8:28 am

Zed Seselja Appointed New Minister for Charities

Luke Michael

Tuesday, 4th September 2018 at 8:38 am

Accounting Changes Raise Red Tape Concerns for Charities

Maggie Coggan

Wednesday, 29th August 2018 at 5:14 pm

What Will a Morrison Government Mean for the Charity Sector?

Luke Michael

Friday, 24th August 2018 at 5:27 pm

POPULAR

$50 million Up For Grabs to Help NFPs Drive Change

Maggie Coggan

Monday, 17th September 2018 at 4:21 pm

Family Faces ‘Devastating’ Loss of Support for Son with Disability

Luke Michael

Tuesday, 11th September 2018 at 8:37 am

Australia’s Most Innovative NFPs Highlighted

Luke Michael

Thursday, 13th September 2018 at 8:41 am

Philanthropic Leader Calls to Overhaul Economic System

Maggie Coggan

Thursday, 13th September 2018 at 8:52 am

Criterion
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!