Proposed NFP reform may not proceed but further consultation is welcomeDOWNLOAD
11 November 2013: Last week the Treasurer and Assistant Treasurer announced the Government’s position regarding a backlog of 96 announced but unlegislated tax and superannuation measures.
Of the unenacted measures, the Government has identified that the changes to not-for-profit and charitable entities will be subject to further consultation which will be expedited and finalised over the next two weeks with a disposition not to proceed with the measures.
The unenacted measures include:
“Reform to support, grow and strengthen the NFP sector is welcome, however we should not add to the existing regulatory burdens within the sector. The government’s decision to prioritise a review of these enactments should reduce the uncertainty that has been hanging over much of the NFP sector in recent times. Consultation with the sector is important, whether the enactments proceed in their current form or not,” said Gaile Pearce Deloitte Private Partner.
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