Tag Archives: not-for-profits update

ILN Today Post

A framework for charity regulation in Australia: Draft legislation establishing the Australian Charities and Not for Profits Commission released

Australian Charities and Not for Profits Commission (ACNC), which will commence operations on 1 July 2012.  At the same time, the ACNC Implementation Taskforce has also released a discussion paper seeking input on administrative issues including the content of approved forms and the ACNC website, and what education the ACNC should provide.  read more…

Read full article
ILN Today Post

Not-for-profits Update

Levelling the not-for-profit playing field

By Arthur Koumoukelis and Jon Cheung of Gadens Lawyers, Sydney

In a speech to the National Press Club on 27 May 2011, Assistant Treasurer Bill Shorten released a consultation paper entitled ‘Better targeting of not-for-profit tax concessions’.  The consultation paper marks the first stage of the reforms announced in the 2011 Federal Budget.  Social enterprises, charities and not-for profit (NFP) organisations with significant income-generating activities will need to consider how these reforms may impact their ability to continue such activities in a sustainable and tax-effective manner. read more…

Read full article