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Non-charitable not-for-profit organisations must update any new associates and authorised contacts ahead of lodging their first self-review return, says the ATO.
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NFPs urged to update associates, contacts ahead of new reporting
14 May 2024
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The ATO has reminded non-charitable NFPs with an active ABN of the importance of updating any new associates and authorised contacts appointed to the NFP.
The Tax Office said this is a critical first step for NFPs in preparing for the lodgement of their self-review return due by 31 October.
“If your not-for-profit has an active Australian business number (ABN), you need to lodge a NFP self-review return to access income tax exemption,” the ATO said.
“Lodgments are required to be made from the 2023–24 income year onward.”
To prepare for annual reporting, the ATO said anyone running an NFP should check the organisation’s contact details are up to date, including ABN registration details.
“The critical first step in preparing for lodgment is to update any new associates and authorised contacts appointed to your NFP,” said the Tax Office.
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“This is because the NFP needs to set up access to Online services for business to lodge the return.
“It also ensures authorised contacts can access the NFP’s tax account and receive important tax information from us.”
To update an NFP’s details, individuals can download the Change of registration details form (NAT 2943) available at Notifying us of changes to your not-for-profit.
“It's a legal requirement that ABN holders notify the Registrar of the Australian Business Register within 28 days of changes to their registration details,” the ATO said.
The ATO said changes that may need to be reported include appointing a new treasurer, office bearer, committee member or employee.
The ATO said NFPs should also review their main purpose and governing documents, set up a myGovID and link the myGovID to the NFP’s ABN in Relationship Authorisation Manager (RAM).
“Annual reporting is central to providing the community an assurance that only eligible not-for-profits access an income tax exemption,” the ATO said.
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