The NFP self-review return asks if your organisation has and follows clauses in its governing document that prohibit the distribution of income or assets to members while it is operating and winding up.
We are providing additional support to NFPs and have extended the due date to update governing documents from 30 June 2025 to 30 June 2026 for organisations that have not made any distributions of income or assets to members.
To get the extension, answer 'Yes' to the question in the return about your NFP's governing document.
If you answer ‘No’ to this question, your NFP will become taxable and we’ll contact you to confirm whether you’re eligible to income tax exempt status.
Although your organisation has another year to get your governing documents in order, we strongly recommend you update your documents as soon as possible. That way you can tick the task off your to-do list, avoid a last minute rush, and provide assurance to your members and the community that your NFP is managing its affairs appropriately.
Find out more about governing document requirements at NFP governing documents.
With many NFPs getting ready for their annual general meeting (AGM), now is a good time to get your governing documents in order. For more tips about preparing for your AGM, check out this edition's article Are you preparing for your NFP's AGM?
Stay up to date
- You can read more articles in the Not-for-profit newsroom and, if you haven't already, subscribeExternal Link to our free monthly newsletter Not-for-profit news to be alerted when we publish new articles.
- For updates throughout the month, Assistant Commissioner Jennifer Moltisanti regularly shares blog posts and updates on her LinkedInExternal Link profile. And you can check out our online platform ATO CommunityExternal Link to find answers to your tax and super questions.