On Wednesday 27 November 2013, Paul Ingram CTA (Minter Ellison) attended the inaugural meeting of the ATO Not For Profit Advisory Group. At the meeting, the following issues were discussed:
- The purpose of this stewardship forum;
- Current “system in operation” issues, such as the “health” of the taxation of not-for-profit entities system;
- An update from Treasury regarding various not-for-profit entity matters; and
- An update from the ATO as to the cases and products that it is currently working on.
The Tax Institute also raised specific issues regarding various proposed legislative changes and the operation of the ACNC and the type of guidance material it may be able to issue.
Members who require further information in relation to the above should contact us at Tax Policy.