Addendum to Tax basics for non-profit organisations

The addendum is also available as a downloadable version (PDF, 89KB) and in paper format.

In June 2007, we released our publication Tax basics for non-profit organisations (NAT 7966).

Due to legislative changes that have occurred since the release, the publication has the following changes.

GST registration threshold

From 1 July 2007, the GST registration threshold has been raised to $150,000 (previously $100,000) for non-profit organisations and $75,000 (previously $50,000) for business.

In Chapter 3, under the following headings replace $100,000 with $150,000:

Introduction (page 13)
Registering for GST (page 13)
Calculating your organisation’s annual turnover (page 14)
How to cancel GST registration (page 15)
GST registration threshold (page 16)
Fundraising events (page 18), and
Non-profit sub-entities (page 20).

In Chapter 3, under the heading Registering for GST replace $50,000 with $75,000.

Tax invoice requirement

From 1 July 2007, a valid tax invoice is not required in order to claim GST credits for purchases of $82.50 or less including GST.

In Chapter 6, under the heading Invoices you receive (page 36) replace $50 (excluding GST) with $75 (excluding GST).

In Definitions, under the following headings replace $50 (excluding GST) with $75 (excluding GST):

GST credit (page 45), and
Tax invoice (page 47).

Eligible termination payments

From 1 July 2007, eligible termination payments ceased to exist. Specific payments made by employers in consequence of the termination of an employee are now employment termination payments. For more information refer to Employment termination payments (NAT 70643).

The term ‘eligible termination payments’ is mentioned in Chapter 4, page 29.

Tax deductible contributions

From 1 January 2007, the thresholds for tax deductible contributions have been extended.

In Chapter 5, under the heading Tax deductible contributions (page 34) amend the 2nd and 3rd dot points as follows:

the contribution must be more than $150 (and can include property contributions made for a right)
the GST inclusive value of the right or the goods or services (the benefit) must not exceed the lesser of $150 and 20 per cent of the value of the contribution.

No ABN withholding

From 1 July 2007, the threshold for withholding from a supplier that does not provide an ABN has increased from $50 to $75 (GST exclusive).

In Chapter 6, under the following headings replace $50 (excluding GST) with $75 (excluding GST):

Invoices you receive (page 36), and
Make sure the supply is excluded from the ABN rule (page 38).

GST turnover

From 1 July 2007, ‘GST turnover’ has replaced the term ‘annual turnover’ for GST registration purposes.

The term ‘annual turnover’ is mentioned in Chapter 3, pages 13-18 and 20.

Publications withdrawn & replaced

In Chapter 3, under the heading How to cancel GST registration (page 15) replace Cancelling your GST registration (NAT 3844) with Leaving the GST system (NAT 14829).

In Chapter 3, under the heading GST branches (page 19) replace Application to register for the New Tax System GST Branch Registration (NAT 3035) with Application to register a GST or PAYG withholding branch (NAT 14834).

Ordering a paper copy

To order a paper copy of this publication:

phone us on 1300 720 092 and quote NAT number 7966ADD (this is a unique national identifying number we give each of our publications), or
write to us at GPO Box 9935 in your capital city.

Updated version

An updated version of Tax basics for non-profit organisations (NAT 7966) is available on our website.

Last Modified: Thursday, 20 September 2007

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