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On 23 August 2012, the Assistant Treasurer, David Bradbury, introduced theTax Laws Amendment (Special Conditions for Not-for-Profit Concessions) Bill 2012 into Federal Parliament. The Bill contains proposed amendments to the provisions of the Income Tax Assessment Act 1997 that concern: a) the requirement that charities operate within Australia; and b) the definition of a ‘not-for-profit entity’. […]

Churches, Charities other Not-for-Profit Organisations and the Federal Budget Set out below is a summary of key points from the Budget for Churches, Charities and other Not-for-Profit Organisations, some discussion and some resources that might be useful. (6 June 2011 – we apologise that some links may be out of date) Summary The Budget handed

High Court Delivers Decision in Commissioner of Taxation v Word Investments Ltd On Wednesday 03 December 2008 the High Court handed down its decision in Commissioner of Taxation v Word Investments Ltd. The High Court ruled, by a four to one majority of justices, that the Commissioner’s appeal against Word Investments Ltd’s application for Income

COMMERCIAL AND PROPERTY UPDATE – JULY 2010 New Unfair Contracts Legislation The Commonwealth government has passed amendments to the Trade Practices Act 1974 (Cth), to introduce provisions governing unfair contract terms. The amendments are made with the intent of offering protection to consumers and apply to contracts between a commonwealth corporation and an individual who