In recent Tax Updates we have covered many Court and Tribunal decisions considering whether an organization is a ‘charity’ for payroll tax purposes. Recently the Victorian Farmers Federation failed in its attempts to be recognised as a charity. In this article we explore the decision.
The ACNC has recently finalized its view of the circumstances in which an organisation is a public benevolent institution (PBI). This article looks at the ACNC’s conclusions.
This article collects recent developments with the aim of alerting you to these at a glance. The TaxEd team reviews a variety of information sources. As a practical matter, the newsletter’s substantive material must be selective. However, readers may benefit from being aware of a broader range of developments that, while having limited interest to […]
The legislative changes described in this article can potentially affect all our readers. It is not limited to subscribers to the eligibility module. Legislation to enable the Commissioner of Taxation to modify operation of a Tax Law has been introduced into Parliament. This article considers the scope of the proposed power, where to find the […]
Eligibility ‘ Structuring fundraising events and auctions held by DGRs so attendees can claim deductions
Many deductible gift recipients host fundraising events as a means of soliciting donations. If carefully structured, the attendees may be able to obtain the benefit of a deduction for part of their contribution if certain requirements, considered in this article, are met.
An organisation registered with the ACNC is required to be controlled by persons (its ‘responsible persons’) who meet certain suitability standards. This article considers the ACNCs view of the minimum steps an organisation should take in order to establish that its initial, and subsequently appointed, responsible persons meet the requisite standards.
In our March 2016 newsletter, we took a look at a favourable ATO guideline regarding travel on public roads between work sites and the implications for claiming Fuel Tax Credits. Our members have enquired about the ATO position prior to the change.
Where a not-for-profit entity is not eligible for income tax exemption, it may nevertheless be entitled to concessional tax treatment under the Mutuality Principle. We take a look at the ATOs recently released guide on what the Mutuality Principle is and how it works.
Eligibility – ATO releases application form for refund of franking credits relating to the 2015-16 income year
In our December 2015 newsletter, we alerted readers to the prospect of certain not-for-profit bodies being able to seek cash refunds of franking credits attached to dividends they receive. This article provides a brief update and notes it is time to act.