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In the last week, several significant policy developments for not-for-profits and charities have unfolded.
Federal government plans for the national charities regulator- the Australian Charities and Not-for-profits Commission (ACNC)
On Tuesday December 10, The Federal Government announced its proposal to unwind the ACNC and create a new Centre for Excellence for the charitable sector, returning reuglatory oversight to the Australian Taxation Office.
Not-for-profit Law is committed to advocating for better regulation of charities in Australia and will continue to contribute to debate on the best approach to regulating charities.
Statutory definition of 'charity' saved by the bell
Unrelated Business Income Tax axed
Today, the Federal Government announced that it will abandon plans to introduce a tax on unrelated business activities of charities. This development means that charities can continue to look to new models of sustaintably funding their activities through operating businesses.
It appears that proposed new 'in Australia' requirements will go ahead.
For more information, read the Pro Bono News summary.