Clubs minutes, March 2011

11. Around the traps

Treasury are undertaking a scoping study on the creation of a national Not-For-Profit Regulator and the codification of charity law.

General opinion favours an independent regulator rather than it being a function of an existing agency like the ATO or Australian Securities & Investments Commission (ASIC).

ATO has a number of regulatory functions currently and if an independent regulator is established, a hand-over process would most likely occur.

Anthony Bowd (VicSport) said that VicSport would be happy for the ATO to be the NFP Regulator.

Victor Hamit provided some feedback from Victorian Clubs indicating that whilst the ATO website search engine had improved some clubs were still having difficulty in navigating the site and locating information.

Victor also asked about the self-governance tool. Jason Aitchison said that a new design implementation is being worked on and that user testing will occur in March, 2011. Further information will be provided at the next meeting.

Sections within Agenda items

• 1. Welcome and approval of previous minutes
• 2. Recoupment of tax losses
• 3. Mutuality and taxable income guide
• 4. Clubs fundraising
• 5. Co-Operative Bulk Handling Federal Court case
• 6. GST issues relating to the clubs sector
• 7. Income tax exemption and sporting clubs guide
• 8. PAYG withholding update
• 9. Charter refresh
• 10. Compliance update
• 11. Around the traps