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21 May 1212 Better targeting of not-for-profit tax concessions

In the 2011-12 Federal Budget, the government announced it will reform the tax concessions provided to not-for-profit (NFP) organisations to ensure they are only targeted at activities that directly further the purpose they were established for. That is, the purpose that is the basis for the organisation's exemption from income tax.

The new arrangements were originally announced as starting on 1 July 2011. Following a period of consultation, the government announced on 30 March 2012 that the start date has been deferred to 1 July 2012 - refer to media release No 2012/009.

The ATO has now published the administrative treatment that it will apply in relation to the changes pending the passage of the proposed legislation.


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