Country Idealist Profiles

Autralia – Non profit tax exemption

Only certain types of non-profit organizations are exempt from income tax.
The following organizations must be endorsed by the Tax Office to be exempt from income tax:

* charities, and
* Non-charitable funds that distribute money, property or benefits solely to deductible gift recipients that are income tax exempt.

If the Tax Office notifies to an organisation is endorsed as an income tax exempt charity or income tax exempt fund:

* it is exempt from income tax, and
* it does not need to lodge income tax returns, unless specifically asked to do so.

If the organisation has as an income tax exempt charity or income tax exempt fund. The organisation will need to:

* regularly review whether it is entitled to endorsement, and
* tell the Tax Office if it ceases to be entitled.

http://www.ato.gov.au/nonprofit/

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