< 1 min read

The Australian IRS cracks down on over one thousand charities, revoking their charity status because they failed to comply to reporting regulations.

"The Australian charity regulator has revoked the charity status of 1,269 organisations for failing to complete two Annual Information Statements despite multiple reminders.

"As many as 400 charities were revoked in New South Wales.

"As a consequence of losing their charity status, the Australian Charities and Not-for-profits Commission said the charities would lose access to Commonwealth charity tax concessions, including deductible gift recipient status, income tax exemption, Fringe Benefits Tax rebates, and Goods and Services Tax concessions."--Lina Caneva, Pro Bono Australia

Photo attribution: By Dellex (Own work) [GFDL (http://www.gnu.org/copyleft/fdl.html) or CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons

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