Expanded opportunities for charities to receive NRAS Incentive as tax offset certificate As of 3 July 2013, changes to the National Rental Affordability Scheme (NRAS) Regulations mean that Approved Participants which are endorsed charitable institutions have another opportunity to receive the Commonwealth component of the NRAS Incentive as a refundable tax offset certificate. This is […]
NRAS Incentive changes for charities Read More »
Governance standards commence 1 July 2013 What are the governance standards? What do I have to do to make sure my charity is complying? What happens if my charity does not comply with the governance standards? Update: the Standards have now come into force as of 1 July 2013 as expected. The uncertainty surrounding the
ACNC governance standards in force Read More »
Yesterday afternoon, the Assistant Treasurer and the Minister for Social Inclusion released the exposure drafts of a Charities Bill 2013 and Charities (Consequential Amendments and Transitional Provisions) Bill 2013. Consultation on the draft legislation is open until Friday 3 May 2013, which is the deadline for lodging a submission with Treasury. The over 200 submitters
Exposure draft of statutory definition of charity Bills Read More »
On 13 February, the ATO released its new Public Ruling TR 2013/2 on requirements for the establishment and operation of deductible school or college building funds. It is important to note that the finalised Ruling introduces a number of requirements that were not present in its draft form. You can read TR 2013/2 in full
Tax update: school building funds Read More »
