On 11 May 2021, as part of the Federal Budget for 2021–2022, the Australian Government announced changes to the management of not-for-profit entities that self-assess as income tax exempt. The proposal aims to increase trust and confidence in the sector by guaranteeing that not-for-profit and for-profit companies compete on an even playing field and that only eligible not-for-profit entities can obtain income tax exemptions.
A decision of the Australian Charities and Not-for-profits Commission that a not-for profit entity was not entitled to public benevolent institution status has been set aside.
Special counsel Carly Ashwood attended as the firm’s representative providing expert commercial and corporate knowledge to not-for-profits and charitable organisations.
The Federal Government has recently announced reforms to the regulation of not-for-profit entities that self-assess as income tax exempt.
In Women’s Life Centre Inc v Commissioner of the Australian Charities and Not-for-profits Commission (Taxation) [2021] AATA 500, the Administrative Appeals Tribunal affirmed the Australian Charities and Not-for-profits Commission’s approach to determining eligibility for public benevolent institution status.
The extended COVID-19 relief measures permitting electronic signatures and virtual meetings are set to expire on 22 March 2021. The Federal Government has released draft legislation aiming to make these changes permanent.
Change is coming for Queensland’s incorporated associations as legislation is passed to reduce red tape and improve internal governance over the coming years.
This article sets out some of the more important considerations for community sheds looking to obtain DGR status.
Between the bushfire disaster earlier this year and the ongoing pandemic, the need for charitable donations has been heightened.
Due to current social distancing measures, many organisations are considering whether they can hold general meetings using technology.
Social media fundraisers can be useful fundraising tools for charities. However, as comedian Celeste Barber (and the whole world) recently found out, they can also result in an array of unintended complications.
The ramifications of COVID-19 are being felt by businesses, and not-for-profits and charities are no exception. Key changes and considerations for not-for-profits and charities are outlined in this article.