Requirements for self-assessing entities
Organisations that fit within the description of an exempt entity that can self-assess their income tax status must meet certain requirements to be exempt.
For many of the exempt entity types, your organisation must be not-for-profit (NFP) and also meet the following conditions:
- pass one of three tests
- comply with all the substantive requirements in its governing rules
- apply its income and assets solely for the purpose it was established for.
Follow the links below for information on:
Check the Types of income exempt organisations to see if your organisation fits within any of the exempt entity types. If you think your organisation fits within one of the entity types, check the requirements for that type to make sure your organisation meets them.
Some organisations can self-assess their entitlement to income tax exemption. To self-assess their exemption, the organisation must fit within the description of an exempt entity that can self-assess their income tax status. The organisation must also meet the other requirements of the exempt entity type to be exempt.