The ACNC has issued its final Interpretation Statement on Public
Benevolent Institutions (PBI). PBIs are a special class of charity
that can obtain additional tax concessions from the Australian
Taxation Office. Around 16% of registered charities are PBIs.
The Interpretation Statement provides guidance on the ACNCís
view of the meaning and scope of the PBI subtype. The final
statement is similar to the draft version but has been altered
and expanded to provide greater clarity, particularly for new
entities and for PBIs operating overseas.