Not-for-profit paper

Published on 22 Aug 13 by WESTERN AUSTRALIAN DIVISION, THE TAX INSTITUTE

With an estimated 600,000 entities and 60,000 organisations contributing over $43b to Australia’s GDP and employing 8% of the workforce, the not-for-profit sector is a significant contributor to the Australian economy. Many entities are significant businesses in their own right and the regulation of the sector is changing.

This paper examines the new regulatory environment for charity registration, the tax framework within which charities operate and the impact of recent decisions on the tax framework of the sector. The practical consequences of the changes discussed will be illustrated with examples from practice.

Author profile

Martin Kirkness CTA

Martin is a Partner of Dry Kirkness. He has provided tax and advisory services to a broad range of not-for-profit clients for many years. Dry Kirkness specialises in the audit of the sector and assists many clients to manage their tax positions. He has served as a board member of not-for-profits and brings his recent experience to this convention. - Current at 15 April 2015

More by Martin Kirkness

• Life cycle issues for charities - 01-November-2015
• Life cycle issues for charities paper - 13-August-2015
• Auditing the NFP: Why and how paper - 10-February-2012

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