Unrelated Business Income Tax postponed The Commonwealth Government today announced that the commencement its Unrelated Business Income Tax (UBIT) will be postponed until 1 July 2014. Following a prolonged period of silence on the status of the UBIT, Assistant Treasurer David Bradbury and Minister for Social Inclusion Mark Butler have released a statement that suggests […]
ANTIDISCRIMINATION UPDATE – NOVEMBER 2012 Following the discussion paper released in September 2011, the Commonwealth Government today released the exposure draft of the Human Rights and Antidiscrimination Bill 2012. Changes to the current law The structure of the Bill is significantly different from the current legislation. The most significant changes are in the definition of
Federal antidiscrimination laws exposure draft released Read More »
The Not-for-Profit Reform Council has released its discussion paper on reform of tax concessions available to not-for-profit (NFP) and charitable organisations. The paper is the initial response to the federal government’s brief to the Council’s Tax Concession Working Group to review NFP tax concessions. The brief The Terms of Reference given to the Working
Not-for-profit tax concessions under review Read More »
Australian Charities and Not-for-Profits Commission now a reality The fate of the long-debated Australian Charities and Not-for-Profits Commission is finally resolved, with the Australian Parliament passing both ACNC Bills earlier today. As anticipated, the Senate made further changes to the Bills yesterday before sending the legislation back to the House of Representatives for approval. A
ACNC Bills pass Parliament Read More »
