Table of Contents
Congratulations on considering setting up a not-for-profit organisation or a charity. This article will help you choose the right structure.
This article is part 3 of a 5-part series to assist charities. Part 1 is to help you choose the right structure. Part 2 describes the legal documents that you need. Part 4 will discuss what is a Public Benevolent Institution, a health promotion charity and a religious charity, and Part 5 will explain how to obtain deductible gift recipient (DGR) status.
Registered charity
Charities can apply to be registered with the Australian Charities and Not-for-profits Commission (ACNC). The requirements and benefits of being registered with the ACNC are set out in this article.
Tax benefits
In the ACNC registration process, you can apply for the following tax benefits:
- charity tax concessions. Charities need to register with ACNC before they can receive charity tax concessions from the ATO;
- additional tax benefits if you are a public benevolent institution (PBI), health promotion charity (HPC)or charity for the advancement of religion; and
- certain categories of deductible gift recipient (DGR) status.
Additional benefits
Once registered with ACNC you will have the following additional benefits:
- you will have an online presence on the ACNC Register where the public can find out information about your charity; and
- you can use the following wording on public documents (such as letterhead, emails and a website) to demonstrate to the public and others your charity’s registration with the ACNC: [your organisation name] is registered as a charity with the Australian Charities and Not-for-profits Commission ABN [#].
Note: you cannot use the ACNC logo on your website or for your not-for-profit organisation or charity.
Key Takeaways
A charities lawyer can help you register with the ACNC and apply for the relevant tax benefits for your not-for-profit organisation or charity. If you need help registering your charity, our experienced charity lawyers can assist as part of our LegalVision membership. For a low monthly fee, you will have unlimited access to lawyers to answer your questions and draft and review your documents. Call us today on 1300 544 755 or visit our membership page.
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