13 Feb 1212 Not-for-profit sector tax concession working group
In joint media release No 2012/007, issued 12 February 2012, the Assistant Treasurer, Minister for Small Business and Minister for Sport, Mark Arbib, and the Minister for Mental Health and Ageing, Minister for Social Inclusion and Minister for Mental Health Reform, Mark Butler, announced the membership and terms of reference of a new working group that will consider ideas for better delivering the support currently provided through tax concessions to the not-for-profit (NFP) sector.
The new working group will consider ideas raised at the Tax Forum.
"At October's Tax Forum, there was discussion about whether the current support provided through tax concessions could be better targeted. The NFP Sector Tax Concession Working Group will examine the current range of tax concessions and whether there are fairer, simpler and more effective ways of delivering the current envelope of support," the Ministers said.