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Philanthropy - updates to the list of specifically listed deductible gift recipients

Financial year
Purpose statement

Specifically list the following organisations as deductible gift recipients (DGRs) for the following dates: * The Voice No Case Committee from the day after the entity is registered with the Australian Charities and Not-for-profits Commission to 30 June 2024 * Justice Reform Initiative Limited from 1 July 2023 to 30 June 2028 * Susan McKinnon Charitable Foundation Ltd from 1 July 2023 to 30 June 2028 * Transparency International Australia from 1 July 2023.

Budget Measure type
Description

The Government will amend the tax law to specifically list the following organisations as deductible gift recipients (DGRs) for the following dates:

* The Voice No Case Committee from the day after the entity is registered with the Australian Charities and Not-for-profits Commission to 30 June 2024

* Justice Reform Initiative Limited from 1 July 2023 to 30 June 2028

* Susan McKinnon Charitable Foundation Ltd from 1 July 2023 to 30 June 2028

* Transparency International Australia from 1 July 2023. The Government will also extend the following organisations' DGR endorsement for the following dates:

* Victorian Pride Centre Ltd from 9 March 2023 to 8 March 2028

* Australian Sports Foundation Charitable Fund from 1 July 2023. The listing of the Susan McKinnon Charitable Foundation Ltd is subject to the condition that DGR funds can only be used for purposes consistent with existing DGR categories in the tax law and it will maintain minimum annual distributions, consistent with the current requirements for ancillary funds. The start date for the previously announced listing of 28 entities related to community foundations affiliated with the peak body Community Foundations Australia will be deferred from 1 July 2022 to the date of Royal Assent of relevant amendments to the tax law. The 30 June 2027 end date for the listing is removed. DGR status for these foundations will be subject to ongoing endorsement by the Commissioner of Taxation under new ministerial guidelines. The listings of Lord Mayor's Charitable Foundation and Foundation Broken Hill Limited will be made consistent with that for other community foundations, including removal of end dates where applicable. This measure is estimated to decrease receipts by $7.3 million over the 5 years from Treasury |

Portfolio

This site is generated from open public information stored in the Finance Knowledge Graph. For more information, please see: About structure.gov.au.