Volunteer fire brigades and other new deductible gift recipients, including the Mary MacKillop Canonisation Gift Fund, are among several organisations that will benefit…
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'.…
The Australian Taxation Office is to challenge a Federal Court decision to allow a rural community bank tax exemption status.
Wentworth District Capital Ltd (WDCL) was…
The Tax Man is planning to crack down on incorrect GST treatment and the misuse of tax concessions by Not for Profit organisations in the ATO Compliance Program for 2010-11…
The Australian Tax Office has released two new guides for Not for Profit clubs, societies and associations that aren’t exempt from income tax.
The ‘Mutuality…
The Australian Tax Office has released a new webpage providing answers to frequently asked questions about tax concession charities, including endorsement requirements,…
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…
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.…
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.…
The move comes after continuing consultation with Australian charities.
The ATO says the rewrite aims to clarify the principles used in the ‘market value’…
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…