The Australian Charities and Not-for-profits Commission (ACNC) yesterday [Mon 30.3.2015] revoked the charity registrations of 1,380 double defaulter charities who had not submitted their 2013 and 2014 Annual Information Statements. The ACNC Commissioner, Susan Pascoe AM, said revocation “is a last resort”; however, charities that do not meet their obligations will lose their charity registration and associated charitable tax concessions. Ms Pascoe also noted that from “next week” a group of a further 6,000 charities will receive a notice of intention to revoke charity status.
Ms Pascoe also reminded charities to check that their subtype on the register is correct. Subtypes are very important as they reflect a charity’s purpose(s) and may affect its eligibility for tax concessions. Some charities need to take action by 1 July 2015 to update their subtypes, Ms Pascoe said.
[LTN 61, 31/5/15]