Among the announcements in last night’s Budget were a couple of exciting points for the philanthropic sector and for the not-for-profit sector as a whole.
The Treasurer also announced that the Government will consult on and introduce a statutory definition of charity for all Commonwealth laws to take effect from 1 July 2013. The definition will be based on the 2001 Report of the Inquiry into the Definition of Charities and Related Organisations, but will also take into account the findings of recent judicial decisions such as the Aid/Watch case.
For more information see the Budget site at: http://www.budget.gov.au/2011-12/index.htm
May. 11, 2011
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