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ARTICLE · 09 AUGUST 2011

Government has NFPs in its Sights

Makinson d'Apice Lawyers
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Discusses changes to the not for profit sector to increase tax revenue for the Government.

AustraliaCorporate/Commercial Law
Bill D'Apice
Bill D'Apice

After many years of inaction in the sector, 2011 appears to be the year in which the Government has NFPs fairly and squarely in its sights.

It seems that the Government has been spurred on by its losses in the Aid/Watch case (refer to Balancing Act Issue 18 for commentary at http://www.makdap.com.au/docs/charity/publication/Makinson%20&%20d'Apice%20Balancing%20Act%20-%20Issue%2018.pdf) and the Word Investments case (at http://www.makdap.com.au/docs/charity/publication/Bulletin%20-%204%20December%202008.pdf).

The Government has apparently been motivated to address what it considers to be significant loopholes in the law which may compromise tax revenue.

It has also sought to clarify its position in light of those decisions to create greater certainty within the NFP sector.

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