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Category Archives: News

NFP Update: Does your Charity require an Australian Financial Services Licence from 1 January 2018?

DOES YOUR CHARITY RAISE FUNDS FOR ITS CHARITABLE PURPOSES AND WILL YOUR CHARITY REQUIRE AN AUSTRALIAN FINANCIAL SERVICES LICENCE FROM 1 JANUARY 2018? In September 2016, ASIC (Australian Securities and Investments Commission) issued the ASIC Corporations (Charitable Investment Fundraising) Instrument 2016/813 (New Instrument), which made changes to the exemptions available to charities that raise funds…
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3 IMPORTANT NEW REPORTS ON THE NOT-FOR-PROFIT SECTOR

THE 2017 GLOBAL TRENDS IN GIVING REPORT RELEASED; 2017 NFP GOVERNANCE & PERFORMANCE STUDY; AND ATO’S REPORT ON IMPROVING THE CLIENT EXPERIENCE AND ENGAGEMENT WITH THE NFP SECTOR   Dr Matthew Turnour        Mark Fowler In this Not-for-Profit Update we cover the following recent Reports: 2017 Global Trends in giving Report Released (‘Global…
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ATO Seeking Feedback on Benchmark Market Values

Mark Fowler 17 March 2017 The Australian Tax Office (ATO) is conducting a review on ‘GST and non-commercial rules – benchmark market values’ with a particular focus on Long Term Accommodation. The benchmark values are an important means by which charities are able to ensure their compliance with the requirements for establishing market value under…
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