22 August 2018

Reforming Administration of Tax Deductible Gift Recipients

Note

The Turnbull Government is taking action to deliver on its package of reforms for the administration and oversight of organisations with Deductible Gift Recipient (DGR) status.

Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP, has today released a consultation paper seeking views on the proposed design for key components of the Government’s package of DGR reforms. The Government committed to consulting on design of the reforms, and welcomes views to inform the final design ahead of progressing legislation.

“These sensible reforms will enhance the role of the Australian Charities and Not-for-profits Commission (ACNC), strengthen governance arrangements, reduce administrative complexity, and ensure continued trust and confidence in the sector,” Minister O'Dwyer said.

The consultation paper covers the following components of the Government’s broader package of DGR reforms:

  • the requirement for non-government organisations with DGR status to register as a charity with the ACNC from 1 July 2019
  • transition arrangements to support existing organisations with DGR status to register as a charity with the ACNC
  • the Commissioner of Taxation’s discretion to exempt organisations with DGR status from the requirement to register as a charity in limited circumstances
  • the abolishment of certain public fund requirements.

The Government welcomes views on the proposed design of the reforms. The consultation paper is now available on the Treasury website. Submissions open today and conclude on 21 September 2018.