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02 Apr 12 Deferred start date for not-for-profit tax concessions

The Assistant Treasurer, David Bradbury, and the Minister for Social Inclusion, Mark Butler, have announced that the government will extend, from 1 July 2011 to 1 July 2012, the start date for the 2011-12 Budget measure designed to better target NFP tax concessions.

The extended start date of 1 July 2012 will apply only to new unrelated commercial activities that commenced after 7:30 pm (AEST) on 10 May 2011. Existing unrelated commercial activities that commenced prior to that date will continue to be covered by transitional arrangements as announced in the 2011-12 Budget.

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