Charity and Tax Status Charity status can be checked on the ACNC register. Tax status can be checked on the ABR () and from the notices from the ATO. your ATO notices reflect what is noted below and are retained with your official documents. Charity All the entities which are part of your community foundation should be registered as charities on the ACNC register: Charitable entity; PUF Others (if any): Income tax exemption The company/inc assoc. should be endorsed as a tax concession charity. PUF: has it opted in? If the PUF in’, is the declaration exercising ‘opted the power to in’ kept with the new trust deed? ‘opt Or was it drafted as already in’ (NSW, WA ‘opted or QLD only). Returns ACNC: has the Annual Information Statement (AIS) been lodged for eac entity and a copy kept in the records? ATO: has the PUF annual return been lodged and a copy kept for the records for each enityt? If the trust or trustee invests in Australian shares do you reclaim the franking credits from the ATO? If so, are the copies of the returns kept?
Charity and Tax Status Charity status can be checked on the ACNC register. Tax status can be checked on the ABR () and from the notices from the ATO. your ATO notices reflect what is noted below and are retained with your official documents. Charity All the entities which are part of your community foundation should be registered as charities on the ACNC register: Charitable entity; PUF Others (if any): Income tax exemption The company/inc assoc. should be endorsed as a tax concession charity. PUF: has it opted in? If the PUF ‘opted in’, is the declaration exercising the power to ‘opt in’ kept with the new trust deed? Or was it drafted as already ‘opted in’ (NSW, WA or QLD only). Returns ACNC: has the Annual Information Statement (AIS) been lodged for eac entity and a copy kept in the records? ATO: has the PUF annual return been lodged and a copy kept for the records for each enityt? If the trust or trustee invests in Australian shares do you reclaim the franking credits from the ATO? If so, are the copies of the returns kept?