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  • Not-for-profit

    [202204] Self-assessed income tax exempt not-for-profits

    Registered

    February 2022

    Expected completion of consultation

    June 2022

    Consultation status

    Targeted consultation is underway.

    Consultation purpose

    To understand the impacts that the government announced reform will have on self-assessing income tax exempt not-for-profits (NFPs).

    Description

    Currently NFPs who self-assess their own eligibility for income tax exemption are not required to report their eligibility to the ATO.

     

    In the 2021–22 Budget, the Australian Government announced reforms to the administration of NFP entities that self-assess as income tax exempt. From 1 July 2023, self-assessing NFPs with an active ABN will be required to lodge an annual self-review return with the information they ordinarily use to self-assess their eligibility for income tax exemption.

     

    The ATO will explore:

    • how NFPs currently self-assess income tax exempt eligibility
    • impacts of the changes on NFPs
    • expectations for implementation
    • support and guidance NFPs will need through the change.

     

    Who we are consulting

     

    Consultation lead

    Jennifer Moltisanti, Assistant Commissioner, Private Wealth
    jennifer.moltisanti@ato.gov.au
    Phone (03) 9285 1711

    [202117] Residential Colleges GST support and guidance

    Registered

    June 2021

    Expected completion of consultation

    June 2022

    Consultation status

    Consultation is underway. A workshop was held in February to discuss potential advice and guidance solutions that emerged from the December co-design workshops.

    Consultation purpose

    • To understand impacts on universities and residential colleges as a result of the expiry of the existing Residential Colleges GST tool on 31 December 2021, specifically:  
      • issues users may experience following the tool’s retirement
      • the type of support or guidance users may need to determine the GST status of their supplies
      • the best way of reaching and communicating these changes with current users.
    • To co-develop future guidance solutions.

     

    Description

    The Residential Colleges GST tool was designed to assist eligible universities and residential colleges determine the GST status of their supplies to students.

     

    In 2020 an independent contractor reviewed the residential colleges GST tool to determine if the tool can provide the current market value of products so universities and residential colleges can work out their GST status according to subsection 38-250(1) of the GST Act.

     

    The study concluded the existing tool is unable to meet client requirements into the future. As a result, it will be retired when it expires on 31 December 2021.

     

    The ATO will provide an interim Residential Colleges GST tool and instructions for the 2022 calendar year while consultation continues to co-develop future guidance solutions.

    Who we are consulting

     

    Consultation lead

    Jennifer Moltisanti, Assistant Commissioner, Private Wealth
    jennifer.moltisanti@ato.gov.au
    Phone (03) 9285 1711

      Last modified: 03 May 2022QC 54486