All employers are required to give the Fair Work Information Statement to every new employee so they are aware of their entitlements. Fair Work Australia has recently updated the Fair Work Information Statement, so make sure you’re providing the new version. And remember, you should also make the relevant award available to all employees. To view and download the Fair…

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By 1 January 2020, large charities that are companies limited by guarantee will need to have a Whistleblower Protection Policy which meets the requirements set out in the Corporations Act. ASIC recently released guidance on developing a Whistleblower Protection Policy. Small and medium charities that are companies limited by guarantee are exempt from meeting the requirement to have a whistleblower…

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From 1 January 2020 employers are no longer able to use employee salary sacrificed amounts to reduce or satisfy their minimum superannuation guarantee contributions. To view further details and information, click here.

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Nor for Profit organisations that are preparing special purpose financial statements (SPFS) will be required to make new disclosures based on the amendments to AASB 1054 Australian Additional Disclosures, effective for the annual reporting periods ending on or after 30 June 2020. These additional disclosures will provide clarity regarding compliance with the recognition and measurement requirements in Australian Accounting Standards.…

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The national charity regulator, the Australian Charities and Not-for-profits Commission (ACNC), has revoked the charity status of  Aussie Farms Inc.  following an investigation which was completed on 18 November 2019, with the decision to revoke charity status effective from that date. Although the revocation is reflected on the Register, the ACNC is prevented from publishing the findings from investigations, or the…

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Have a tax and super question about your NFP’s tax and super obligations that you just can’t quite get to the bottom of? ATO Community gives you access to a peer-to-peer online forum that allows members to talk in a moderated environment even outside of business hours. To join the ATO online discussion, click here.

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GST and NDIS Providers

If you are a supplier of disability supports and registered for GST, your supplies to a National Disability Insurance Scheme (NDIS) participant may be GST-free. The ATO have updated the website content on GST treatment of supplies of NDIS disability supports.  This content includes examples of supplies covered by the NDIS Determination. To view the ATO information in full, click…

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Taxes are collected from organisations at both a federal and a state level. There are exemptions for some charities and not-for-profits for state taxes. Common exemptions include: stamp duty payroll tax, and land tax The fact sheet provides an overview of the common state taxes where a charity or not-for-profit may be able to apply for an exemption. To view…

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