Director liability and Superannuation Guarantee
Company board members, including companies limited by guarantee
and incorporated associations, are responsible for ensuring the
company meets its PAYG withholding and superannuation guarantee
obligations. New legislation means that once the due date is
passed, directors automatically become personally liable for the
superannuation without the ATO having to issue a penalty notice.
GST-free Long-term Accommodation supplies
The ATO has changed market value benchmarks for long term
Fringe Benefits Tax and the ATO
The ATO is pursuing a greater focus on fringe benefits tax
(FBT). Particular areas of interest include motor vehicles,
entertainment and payment summary discrepancies. FBT can be a
complex area for charities and not-for-profits. If you have any
questions regarding FBT or would like us to prepare or review
your FBT returns, please contact Murray Nicholls of our office.
DGR status provides significant fund raising advantages. Cathy
Braun presents a brief overview of DGR status and introduces a
couple of new categories.
Meeting ACNC obligations
The ACNC has provided a self-evaluation tool to assist charities
in understanding and meeting their obligations. The tool
provides a series of questions to consider for each of the five
governance standards: charitable purpose, member accountability,
compliance with Australian laws, suitability of responsible
persons and duties of responsible persons.
There are also additional questions on record keeping
obligations, reporting obligations and notifying changes to the
The tool is a
fillable PDF and can be found on the ACNC website.