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Tax Exemptions and Deductibility of Gifts for Non-Profit Organisations

Published on 06 Jun 2006 | Took place at Fenix Restaurant, Richmond , VIC

The taxation of charities, clubs, associations and other non-profit organisations is coming under increasing scrutiny and new issues are emerging. At the same time, more people are interested in exploring how an organisation can secure tax exempt status and be eligible to receive tax deductible donations and gifts and how to set up non-profit organisations and private foundations which enjoy one or more of these advantages.

These seminar materials target these topics and are essential for anyone wishing to learn more about setting up or undertaking fundraising for a non-profit organisation or private foundation or wanting to be updated in relation to the latest developments affecting the taxation of charities, clubs, associations and other non-profit organisations.

Get a 20% discount when you buy all the items from this event.

Individual sessions

Tax deductible gift recipients

Author(s):  John EMERSON

This presentation covers the following topics:

  • basic requirements for deductibility
  • steps for establishing a prescribed private fund
  • public funds - requirements and TD 2004/23
  • gift funds and the Budget announcement.
Materials from this session:

Current issues for charities and associations

Author(s):  Nasos KASKANI,  John WARDLE

Recently, it appears that there has been a general tightening of the law applying to charities, clubs and associations. There also appears to have been increased scrutiny by the Australian Taxation Office of these bodies, in particular those entities endorsed with income tax exempt status and entitled to receive gifts which are deductible for income tax purposes. This paper discusses this trend and, in doing so, covers the following issues:

  • the impact of the decision in Central Bayside Division of General Practice Ltd
  • the approach taken by the Commissioner in the recent (finalised) rulings - TR 2005/21 and TR 2005/22
  • the status of the "mutuality principle" in light of the Coleambally decision and the Tax Laws Amendment (2005 Measures No.6) Act 2006
  • the recent decision involving the South Sydney Junior Rugby League Club.
The paper also provides an insight on some recent issues with the Australian Taxation Office in relation to applications for endorsement as tax concession charities and deductible gift recipients.
Materials from this session: