Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Not-for-profit Sector Tax Concession Working Group discussion paper released



Download PDFDownload PDF

Mark Butler MP Minister for Social Inclusion

David Bradbury MP Assistant Treasurer

Minister Assisting for Deregulation

Joint Media Release

NOT-FOR-PROFIT SECTOR TAX CONCESSION WORKING GROUP DISCUSSION PAPER RELEASED

The Not-for-profit (NFP) Sector Tax Concession Working Group today released a discussion paper, Fairer, simpler and more effective tax concessions for the not-for-profit sector.

The discussion paper seeks public input on how tax concessions can be improved to assist the NFP sector to do what they do best - support Australian communities.

"The NFP Sector Tax Concession Working Group was established in February 2012 to examine the current range of tax concessions and whether there are fairer, simpler and more effective ways of delivering the current envelope of support," said Assistant Treasurer David Bradbury.

The Working Group is chaired by Linda Lavarch, the chair of the NFP Sector Reform Council, and includes a diverse range of representatives from the NFP sector and also technical experts.

Consistent with the Government's commitment to fiscal discipline, the Working Group has been asked to identify offsetting savings from benefits provided to the NFP sector for any proposals they recommend that have a budget cost.

"Consultation with the NFP sector and the public is critical to inform the task of the Working Group and achieving lasting reform," said Minister for Social Inclusion, Mark Butler.

“I encourage interested stakeholders to make a submission in response to the discussion paper.”

The purpose of the paper is to stimulate discussion, debate and feedback to the NFP Sector Tax Concession Working Group. It is not a position paper and the options canvassed are not recommendations.

The Working Group’s final report will be delivered to the Government by March 2013.

The discussion paper is available at www.treasury.gov.au.

2 November 2012