Tag Archives: Tax Exemption for Religious and Charitable Institutions

ACNC Review well underway

The ACNC celebrated its fifth birthday in December 2017.  As provided for in the original legislation, the Government is now conducting a review, the terms of reference indicating that it should: Examine the extent to which the objects of the … Continue reading

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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

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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

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The abridged version

Income Tax Exemption for Religious and Charitable Institutions Current Legislation Broadly speaking, the current income tax legislation prescribes that religious and charitable institutions are income tax exempt if they: have a physical presence in Australia and, to that extent, incur … Continue reading

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