ACNC Crackdown on “Double Defaulters”

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Charities must submit their Annual Information Statements to retain tax concession entitlements as ACNC Crackdown on “Double Defaulters”.

Charities that have not submitted an Annual Information Statement (“AIS”) for two consecutive years will have their charitable registration revoked by the ACNC, in an exercise of the Commission’s power under section 35-10 of the Australian Charities and Not-for-profits Commission Act 2012.  Revocation of an entity’s charitable status will result in a loss of entitlement to Commonwealth tax concessions.

The ACNC has issued a notice of intention to revoke the registration of a list of charities who have not lodged their AIS in 2013 or in 2014.  The ACNC refers to these entities as “Double Defaulters” – and has published the notice online at:

http://www.acnc.gov.au/ACNC/OnlineProcessors/Online_register/DD_notice.aspx.

Revocation will take effect from 30 March 2015 if the necessary documents are not provided to the ACNC, however any active charities that have their status revoked should contact the ACNC as soon as possible if they want to discuss having their charitable status reinstated.

For more information regarding Annual Information Statements

Please contact our Business Development Team or call us on (07) 3252 0011 to book an appointment with one of our specialist NFP & Charity Lawyers today.