A few reflections on the current state of play for not-for-profit taxation arrangements
In its Budget handed down in May 2011, the federal government announced proposed new taxation arrangements covering the not-for-profit sector in Australia. The government explained that these arrangements were largely made in response to recent court cases pertaining to the taxation status of not-fo...
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| Format: | Journal Article |
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Taxation Institute of Australia
2013
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| Online Access: | http://connection.ebscohost.com/c/articles/89634843/few-reflections-current-state-play-not-for-profit-taxation-arrangements http://hdl.handle.net/20.500.11937/30405 |
| _version_ | 1848753079468425216 |
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| author | Pinto, Dale Gilchrist, David Morgan, Annette |
| author_facet | Pinto, Dale Gilchrist, David Morgan, Annette |
| author_sort | Pinto, Dale |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | In its Budget handed down in May 2011, the federal government announced proposed new taxation arrangements covering the not-for-profit sector in Australia. The government explained that these arrangements were largely made in response to recent court cases pertaining to the taxation status of not-for-profit organisations (NFPs), with regard to trading income in particular. Currently, NFPs enjoy a range of tax concessions at the federal and state/territory level based on a relatively complex set of legislated and regulated arrangements. In utilising these concessions, NFPs can obtain a range of benefits for themselves and their employees. However, with the proposed new tax arrangements, these concessions can be at risk if NFPs do not understand the key changes and what they mean. In this article, the authors reflect on the current state of play in relation to not-for-profit tax arrangements and recent announcements by the government in relation to these concessions. In examining the government announcements, the article seeks to look to the future and take a preliminary view of the likely outcomes for NFPs. |
| first_indexed | 2025-11-14T08:18:49Z |
| format | Journal Article |
| id | curtin-20.500.11937-30405 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T08:18:49Z |
| publishDate | 2013 |
| publisher | Taxation Institute of Australia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-304052017-01-30T13:19:28Z A few reflections on the current state of play for not-for-profit taxation arrangements Pinto, Dale Gilchrist, David Morgan, Annette In its Budget handed down in May 2011, the federal government announced proposed new taxation arrangements covering the not-for-profit sector in Australia. The government explained that these arrangements were largely made in response to recent court cases pertaining to the taxation status of not-for-profit organisations (NFPs), with regard to trading income in particular. Currently, NFPs enjoy a range of tax concessions at the federal and state/territory level based on a relatively complex set of legislated and regulated arrangements. In utilising these concessions, NFPs can obtain a range of benefits for themselves and their employees. However, with the proposed new tax arrangements, these concessions can be at risk if NFPs do not understand the key changes and what they mean. In this article, the authors reflect on the current state of play in relation to not-for-profit tax arrangements and recent announcements by the government in relation to these concessions. In examining the government announcements, the article seeks to look to the future and take a preliminary view of the likely outcomes for NFPs. 2013 Journal Article http://hdl.handle.net/20.500.11937/30405 http://connection.ebscohost.com/c/articles/89634843/few-reflections-current-state-play-not-for-profit-taxation-arrangements Taxation Institute of Australia fulltext |
| spellingShingle | Pinto, Dale Gilchrist, David Morgan, Annette A few reflections on the current state of play for not-for-profit taxation arrangements |
| title | A few reflections on the current state of play for not-for-profit taxation arrangements |
| title_full | A few reflections on the current state of play for not-for-profit taxation arrangements |
| title_fullStr | A few reflections on the current state of play for not-for-profit taxation arrangements |
| title_full_unstemmed | A few reflections on the current state of play for not-for-profit taxation arrangements |
| title_short | A few reflections on the current state of play for not-for-profit taxation arrangements |
| title_sort | few reflections on the current state of play for not-for-profit taxation arrangements |
| url | http://connection.ebscohost.com/c/articles/89634843/few-reflections-current-state-play-not-for-profit-taxation-arrangements http://hdl.handle.net/20.500.11937/30405 |