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UPDATE 19 May 2020: COVID-19 – Information for Charities and Not-for-Profits
In this piece, Alex Milner and Seak-King Huang (Partners) gather together and update what they hope will be useful information for charities and not-for-profits under several topics in the context of COVID-19.
Today the Commonwealth Government has announced that it will pass new laws to empower the Australian Charities and Not-for-profits Commission (ACNC) to deregister a charity that has not taken steps to participate in the National Redress Scheme for Institutional Child Sexual Abuse (National Redress Scheme) in circumstances where it has been named, or is likely to be named, in an application to the National Redress Scheme. Read more →
Treasury has recently published an Exposure Draft of its proposals to reform the Income Tax Assessment Act 1997 (Cth) to require non-Government Item 1 Deductible Gift Recipients (DGR) to register as charities. These reforms are part of the Commonwealth Government’s recent initiatives to reform and simplify DGRs, as proposed in its 2017-2018 Mid-Year Economic and Fiscal Outlook. Read more →