Treasury has published a consultation paper on proposed changes to the taxation law relating to Deductible Gift Recipient (DGR) status.
The status can be imposed on organisations by the Commissioner of Taxation.
Former Minister for Revenue and Financial Services, Kelly O’Dwyer announced the paper last week saying it sought views on the proposed design of key components of the package of DGR reforms.
“These sensible reforms will enhance the role of the Australian Charities and Not-for-profits Commission (ACNC); strengthen governance arrangements; reduce administrative complexity, and ensure continued trust and confidence in the sector,” Ms O’Dwyer said.
She said the consultation paper covered components of the broader package of DGR reforms.
These included the requirement for non-Government organisations with DGR status to register as a charity with the ACNC from 1 July 2019 and transition arrangements to support existing organisations with DGR status to register as a charity with the ACNC.
She said the package also included the Commissioner of Taxation’s discretion to exempt organisations with DGR status from the requirement to register as a charity in limited circumstances.
It also called for the abolition of certain public fund requirements.
Submissions in response to the 18-page consultation paper can be made until 21 September with details available at this PS News link.
