Those Australian not-for-profit entities that have been self-assessing their Commonwealth income tax status as exempt need to start declaring the basis of this assessment to the Australian Taxation Office (‘ATO’) in an online form due by 31 March 2025. Previously not-for-profit entities with an Australian...
Today the long-anticipated Productivity Commission Final Report on Philanthropy within Australia was tabled in the Commonwealth Parliament. The Report, available here, contains very significant recommendations that will have implications for every charity within Australia should they be implemented by the Commonwealth Government. The following provides a...
Overnight the Productivity Commission released its Draft Report on Philanthropy within Australia. The Report contains some very significant recommendations that will impact upon every charity within Australia if they are maintained within the Commission’s final report due in May next year and if they are...
FCL Principal Mark Fowler published an article in the Canberra Times over the weekend commenting on the Commonwealth Government's Housing Australia Future Fund. In it he expresses the view that the HAFF legislation has not sufficiently addressed the uncertainties that arise in respect of the...
This afternoon the Australian Charities and Not-for-profits Commission released its long awaited Commissioner's Interpretation Statement on Public Benevolent Institutions. Importantly, Natasha Sekulic, the Acting General Counsel clarifies her view that the 'updated PBI CIS does not narrow our interpretation of PBI. Charities that are currently...