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Thursday, 17 June 2004
Page: 30764


Mr ROSS CAMERON (Parliamentary Secretary to the Treasurer) (1:08 PM) —I would like to briefly explain the amendments. Schedule 10 will require charities, public benevolent institutions and health promotion charities to be endorsed by the Commissioner of Taxation in order to access relevant taxation concessions. In addition, endorsed charities will now have their charitable status displayed on the Australian Business Register. These changes are part of the government's response to the report of the inquiry into the definition of charities and related organisations. The changes will allow greater scrutiny of the use of taxation concessions by charities, improve public confidence in the provision of taxation support to the charitable sector, and provide charities with certainty of their entitlements. These Senate amendments postpone to 1 July 2005 the requirement that charities, public benevolent institutions and health promotion charities be endorsed by the Commissioner of Taxation in order to access relevant taxation concessions. This is to ensure that charities have sufficient lead time to comply with the new arrangements in light of the bill not yet having received passage through parliament. Accordingly, the government supports these Senate amendments. I move:

That the amendments be agreed to.

Question agreed to.