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Tag : ATO

ATO Updates PAF Trust Deed

Staff Reporter, Thursday, 11th February 2010 -  The Australian Tax Office has released a new Private Ancillary Fund (PAF) model trust deed.
The model trust deed for Private Ancillary Funds (PAFs) replaces the model deed issued…

New NFP Tax Initiative

Staff Reporter, Monday, 8th February 2010 -  The Australian Tax Office (ATO) has developed a new initiative to help Not for Profit organisations understand their tax obligations and entitlement to tax concessions. Over the…

ATO Finds Public Ancillary Fund Breaches

Lina Caneva, Thursday, 14th January 2010 -  An Australian Tax Office investigation has found that a number of Public Ancillary Funds endorsed as deductible gift recipients (DGRs) are in breach of their trust deed.

Following

ATO Rewrites GST Issues for NFPs

Staff Reporter, Monday, 21st December 2009 -  The move comes after continuing consultation with Australian charities. The ATO says the rewrite aims to clarify the principles used in the ‘market value’ and ‘cost…

ATOs New Tax Concession Charity Application Packs

Staff Reporter, Tuesday, 24th November 2009 -   The Australian Tax Office (ATO) has launched Application Packs to be used for endorsement as a tax concession charity, income tax exempt fund and/or a deductible gift recipient. …
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