Volunteering SA&NT

Nominations for the NT Volunteer of the Year Awards 2024 open on Monday 1 July 2024. Click here for more information

What is changing?

From 1 July 2023, non-charitable not-for-profit organisations with an active Australian Business Number (ABN) that self-assess as income tax exempt are required to lodge an annual self-review return with the Australian Tax Office (ATO).

The first self-review return is due between 1 July 2024 and 31 October 2024.

Do the changes apply to your not-for-profit organisation?

The new reporting obligation will affect your organisation if it:

  • is a not-for-profit organisation,
  • has an active ABN, and
  • self-assesses as income tax exempt.

How do the changes apply to charities?

These changes do not apply to charities already registered with the Australian Charities and Not-for-profits Commission (ACNC). However, they do affect not-for-profit organisations that haven’t registered with the ACNC but are eligible to do so.

If you are not sure whether your organisation is a registered charity, you can search the ABN Lookup Tool and the ACNC Register. 

If you are not sure whether your organisation is eligible to register as a charity, read the ACNC’s checklist on eligibility for charity registration

How do I get more information?

We encourage you to access and read the resources listed below to gauge if your organisation might be impacted.

Disclaimer

The content on this page was last updated on Tuesday 4 June 2024 and is not legal advice.