On 22 August 2018, Treasury released a consultation paper on the Government’s proposed Deductible Gift Recipient (DGR) reforms.
The consultation paper covers the following components of the proposed reforms:
- the requirement for non-government organisations with DGR status to register as a charity with the ACNC from 1 July 2019
- transition arrangements to support existing organisations with DGR status to register as a charity with the ACNC
- the Commissioner of Taxation’s discretion to exempt organisations with DGR status from the requirement to register as a charity in limited circumstances
- the abolition of certain public fund requirements.
The consultation paper is now available on the Treasury website. Submissions are open until 21 September 2018.