This course, "New Tax Return Requirements for Not-for-Profits in Australia," is designed to prepare not-for-profit organizations for the upcoming Australian Taxation Office (ATO) requirement to lodge annual tax returns. Effective from July 1, 2024, this new mandate affects approximately 150,000 NFPs that currently self-assess their income tax-exempt status. Participants will gain a comprehensive understanding of the new ATO requirement, the compliance and lodgement process, and the specific impacts on different types of not-for-profits. The course will cover:

• Detailed guidance on the new ATO requirement for NFPs to lodge tax returns.
• Step-by-step instructions for compliance and the lodgement process.
• Analysis of the impacts on registered charities versus self-assessed income tax-exempt organizations.
• ATO's approach to compliance and support mechanisms for NFPs.
• Strategies for ongoing compliance and regular review of income tax-exempt status.

By the end of the course, not-for-profit leaders will be equipped with the knowledge and tools necessary to navigate this significant regulatory change confidently.