13 Jun 1414 Missing charities could lose tax concessions
Some charities which were automatically registered with the Australian Charities and Not-for-profits Commission (ACNC) need to confirm they are still operating by 30 June 2014 because correspondence sent to them has been returned unopened.
Charities need to:
- check that they are not on the ACNC’s list of missing charities
- inform the ACNC if they are no longer operating
- provide up-to-date contact details, if they are still operating.
If the ACNC does not hear from these charities by 30 June 2014, it will start a process of revoking their registration as charities.
If a charity is not registered with the ACNC, the charity will no longer be entitled to access its charity tax concessions. The ATO will revoke its charity endorsement, and remove its endorsement as a charity from the Australian Business Register.
For more information go here.