Do you operate a Private Ancillary Fund (PAF) which is registered with the ACNC, or do you operate a PAF endorsed as an Income Tax Exempt Fund (ITEF)? All ITEFs were migrated to the Australian Charities and Not-for-profits Commission (ACNC) on 1 January 2014 as part of the commencement of the Charities Act 2013. Information […]
Yesterday, the Federal Government introduced a Bill into Parliament to abolish the Australian Charities and Not-for-Profits Commission (ACNC). The Australian Charities and Not-for-Profits Commission (Repeal) (No 1) Bill 2014 will be debated in next week’s sitting of Parliament. You can read the Bill, associated explanatory material, and the Minister’s speech here. Two-part repeal; return of
Bill to repeal ACNC introduced, but no changes yet Read More »
– New draft different again to previous versions; would come into force immediately – Key elements of the new draft – Donor charities to track any offshore use of funds by recipients which do not share the same tax status – New conditions for ‘disregarded’ amounts: using funds overseas must be justified on basis of utility
New draft legislation for ‘in Australia’ changes Read More »
(26 February 2014) This article is relevant only to groups which expect to receive, or plan to apply for, funding or assistance from the following Queensland Government Departments: Communities; Education, Training and Employment; Justice and Attorney-General; Transport and Main Roads; and Aboriginal and Torres Strait Islander and Multicultural Affairs. On 11 February 2014, the Queensland
Changes proposed to Queensland government funding legislation Read More »
