Tag Archives: income tax exemption

ACNC gets tough on defaulting charities

The ACNC has recently announced that it will move to deregister almost 90 charities for failing to submit their Annual Information Statements for two years (“double defaulters”).  As a result, these charities will lose their Commonwealth tax concessions.   The … Continue reading

Posted in Income Tax, Not for Profit, RDL Accountants Information, Uncategorized | Tagged , , , , | Leave a comment

New “In Australia” Draft

The third re-draft of the “In Australia” provisions has been released by Treasury for consulation. The draft retains the subjective requirement to operate and pursue purposes in Australia, as well as the exemption for prescribed organisations. However for organisations hoping … Continue reading

Posted in Not for Profit | Tagged , , , , , , | Leave a comment

Implications for income tax exempt entities under the proposed legislation

The draft legislation introduces new conditions for not for profits to retain income tax exemptions. Have you thought about how this will affect your organisation? Please leave a comment.  Your thoughts will help others to prepare submissions.

Posted in Submissions | Tagged , , | Leave a comment

Implications for overseas missions

The legislation as drafted has significant implications for overseas missions based in Australia and as a result many are planning to make submissions in response. Have you thought about how this will affect your organisation?  What arguments do you have to support the retention of the current income … Continue reading

Posted in Submissions | Tagged , , | Leave a comment