Markets For Change have released a Background Brief explaining the 2017 Federal Treasury's Tax Deductable Gift Recipient (DGR) Reform Opportunities Discussion Paper and how it may impact on eNGOs, their supporters and donors.
In June this year, the federal government though the Federal Treasury Department released a Discussion Paper reviewing how organisations which have Tax Deductible Gift Recipient status (DGRs, many of which are also charities) are managed. As acknowledged by the Discussion Paper, DGR tax arrangements are intended to encourage philanthropy and provide support for the Not-For-Profit sector (NFP). DGR status, along with other tax concessions to the NFP sector also encourages delivery of goods and services that are in the public interest. The initial one month consultation period on the Discussion Paper was belatedly extended from its original July deadline with submissions now due on Friday, 4th of August.
Please take the time to write a submission as suggested on page 6 of the Background Brief to support a strong and diverse environmental sector – including charities and other not-for profits – which is vital to ensure that Australia’s environment is protected, and that governments and businesses comply with their legal obligations and the rule of law.