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Not for Profits Update – Gadens Lawyers

Charities and missions pursuing objectives overseas: at risk of losing your tax exemptions?

By Jon Cheung and Kimberley Vancuylenberg of Gadens Lawyers, Sydney

The Government has released draft legislation that will change the requirements for international charities and not-for profits to qualify for income tax exemptions in Australia. The changes refer to the special conditions found in Division 50 of the Income Tax Assessment Act 1997 that require charities and not for profits to operate principally in Australia.  read more