Charities

Charities

Salary Packaging

Special Edition

ATO/General, Charities, Eligibility, Public

Member Q&A: Will new activities jeopardise an NFP’s income tax exemption?

Question We are a not-for-profit (NFP) sports club. We currently self-assess that we are income tax exempt. We have the...

ATO/General, Charities, Eligibility, Public

The ACNC’s Charity Register review project: What do you need to know?

Almost 400 charities that failed to submit two or more ACNC Annual Information Statements (AIS’s) have lost their registration. In...

ATO/General, Charities, Public

Accepting cryptocurrency donations

It is becoming increasingly common for charities and not-for-profits around the world to accept donations in the form of cryptocurrency....

Charities, FBT, Public

Changes to the ATO process of applying for refunds of franking credits

As 30 June approaches, one of the annual end year processes that may be required of a not for profit...

Charities, Eligibility, Public

Member Q&A – Is a PBI that is a DGR required to maintain a gift fund?

Question We are a public benevolent institution that is endorsed as a deductible gift recipient. Our constitution contains a clause...

Charities, Eligibility, Public

Angel Loop: A charitable purpose must be for the public benefit

Australian Charities and Not-for-profits Commission (‘ACNC’) registered charities are eligible for a number of tax concessions at both Federal, State...

ATO/General, Charities, Commercial, Public

Director Identification Numbers: Are your directors required to apply?

From November 2021, directors and alternate directors of certain organisations will need to apply for a director identification number (DIN)....

Charities, Public

The Global Citizen Ltd ACNC PBI case – an update

Overview In our October 2021 TaxEd article we looked at a recent ACNC case regarding the meaning of ‘public benevolent...

Charities, Eligibility, Public

Another case, another ‘broader’ view of what is a Public Benevolent Institution?

In a recent AAT case the Australian Charities and Not-for-Profits Commission (‘ACNC’) was unsuccessful in arguing that ‘Global Citizen Ltd’...

ATO/General, Charities, Eligibility, Public

NFPs: Get ready for annual reporting of self-assessment of income tax exemption eligibility

In the June 2021 Tax Update (click here) we covered an announcement in the 2021-22 Federal Budget that will have...

Charities, Eligibility, Public

Member Q&A: Can a local historical society secure Deductible Gift Recipient status?

Question We are a not-for-profit local historical society and the challenge of sourcing funding is never ending. Is it possible...

12