This month’s tip for community associations from the Community Sector Development Program is about the process and implications of obtaining charity status.
The Australian Charities and Not-for-profits Commission (ACNC) is an independent national charity regulator in charge of registering not-for-profits with charity status.
The ACNC would review your governing documents (for most associations based in Queensland this would be your constitution) to assess your organisation’s charitable purpose. Once granted the status your association will need to report to the ACNC in addition to reporting to the Office of Fair Trading unless your organisation is registered under the Australian Securities and Investments Commission (ASIC).
For more information from the ACNC click here.
A Not-for-profit association does not need to be registered with the ACNC to function and operate. However, the charity status gives you access to apply to the Australian Taxation Office’s regulated charity benefits and concessions.
If you would like advice and/or support with your community association, contact Claudia by emailing [email protected]