{"id":8113,"date":"2025-07-13T04:19:20","date_gmt":"2025-07-12T18:19:20","guid":{"rendered":"https:\/\/aerogroup.com.au\/?p=8113"},"modified":"2025-07-13T04:19:34","modified_gmt":"2025-07-12T18:19:34","slug":"is-your-not-for-profit-ready-for-the-atos-new-reporting-rules","status":"publish","type":"post","link":"https:\/\/aerogroup.com.au\/zh\/is-your-not-for-profit-ready-for-the-atos-new-reporting-rules\/","title":{"rendered":"Is Your Not-for-Profit Ready for the ATO\u2019s New Reporting Rules?"},"content":{"rendered":"
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Is Your Not-for-Profit Ready for the ATO\u2019s New Reporting Rules?<\/b><\/span><\/p>

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Running a not-for-profit (NFP) is about creating meaningful impact. But without the right compliance measures in place, even the most purpose-driven organisations can face unexpected tax consequences. As of the 2023\u201324 income year, new ATO requirements have introduced a vital annual step for many NFPs: the <\/span>NFP self-review return<\/span><\/i>. If your organisation is tax exempt and has an ABN, this change affects you.<\/span><\/span><\/p>

Let\u2019s break down what you need to know, what to do, and how to stay compliant with confidence.<\/span><\/p>

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What Every NFP Needs to Know<\/b><\/span><\/h3>

The new annual NFP self-review return is mandatory for non-charitable NFPs with an ABN.<\/b> This return tells the ATO whether your organisation still qualifies to self-assess as income tax exempt.<\/span><\/span><\/p>

Here\u2019s what the process involves:<\/span><\/p>

Three Key Sections in the Return<\/b><\/span><\/h4>
    1. Organisation Details<\/b>
      <\/b> Basic information about your entity, including structure and registration.<\/span><\/span><\/span>

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    2. Income Tax Self-Assessment<\/b>
      <\/b> Confirmation of your eligibility to remain income tax exempt.<\/span><\/span><\/span>

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    3. Summary and Declaration<\/b>
      <\/b> Final review and agreement to the accuracy of your submission.<\/span><\/span><\/span>

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      One critical question in the return asks:<\/span><\/p>

      \u201cDoes the organisation have and follow clauses in its governing documents that prohibit the distribution of income or assets to members while it is operating and winding up?\u201d<\/span><\/i><\/span><\/p>

      Your answer impacts your tax status.<\/span><\/p>

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      Stay Exempt: Update Your Governing Documents<\/b><\/span><\/h3>

      Your governing documents serve as the foundation of your NFP. To continue self-assessing as tax exempt, they must contain <\/span>specific clauses<\/b>:<\/span><\/span><\/p>

      Required Clauses Include:<\/b><\/span><\/p>