Skip to main content
shopping_cart

Your shopping cart is empty

06 Dec 12 New charity regulator commences operations

The ATO advises that on 3 December 2012, the independent regulator for charities, the Australian Charities and Not-for-profits Commission (ACNC), commenced operations.

The ACNC is responsible for determining charity status for all federal tax purposes. As part of its status determinations, the ACNC also decides whether a charity is a public benevolent institution (PBI) or health promotion charity (HPC).

The ATO will continue to be responsible for administering tax concessions relevant to charities, including:

  • income tax exemption
  • FBT rebate or exemption
  • GST charity concessions
  • deductible gift recipient (DGR) status.

Registration with the ACNC is voluntary. However, ACNC registration is now a prerequisite for charities to access charity tax concessions.

If an organisation was endorsed by the ATO as a charity to access charity tax concessions immediately before 3 December 2012, the organisation is automatically registered with the ACNC and it does not have to re-register.

 


Media Release Search
Keywords
Eg. TD 2005/D52 ALL words EXACT phrase WITHOUT words Date range
From To