Better Targeting of Not-For-Profit Tax Concessions

The Assistant Treasurer has released for public consultation a paper that seeks public views on possible approaches to implement the Government's Budget announcement to better target NFP tax concessions to the altruistic activities of NFPs.

The Government announced in the 2011-12 Budget that it will reform the tax concessions provided to NFP entities to ensure they are targeted only at those activities that directly further an NFP’s altruistic purposes.