From 3 December 2012, there is a new national regulator for charities, the Australian Charities and Not-for-profits Commission (ACNC).
The ACNC is responsible for determining charity status for all federal tax purposes. As part of its status determinations, the ACNC also decides whether a charity is a public benevolent institution (PBI) or health promotion charity (HPC).
The ATO will continue to be responsible for administering tax concessions relevant to charities, including:
- income tax exemption
- FBT rebate or exemption
- GST charity concessions
- deductible gift recipient (DGR) status.
Registration with the ACNC is voluntary. However, ACNC registration is now a prerequisite for charities to access .
If your organisation was endorsed by the ATO as a charity to access charity tax concessions immediately before 3 December 2012, your organisation is automatically registered with the ACNC and you do not have to re-register.