ARTICLE · 20 JUNE 2020

Proposed DGR (deductible gift recipient) category for community sheds

McCullough Robertson

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Allowing community sheds easier access to DGR status should assist in attracting more financial support and awareness.

AustraliaTax

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Legislation recently introduced in the Federal Parliament will establish a new deductible gift recipient general category for men's and women's sheds.

Schedule 3 of the Treasury Laws Amendment (2020 Measures No 2) Bill 2020 amends the Income Tax Assessment Act 1997 (Cth) and introduces a new deductible gift recipient (DGR) category applicable to public institutions that are registered charities with the Australian Charities and Not-for-profits Commission (ACNC) and satisfy the definition of a ‘community shed'. To be classified as a community shed, a public institution must:

have the dominant purposes of advancing mental health and preventing or relieving social isolation;
principally advance these purposes by providing a physical location where individuals are provided with support, and can work on projects or undertake other activities in the company of others; and

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