Reminder: Queensland charities and tax concessions

Queensland charitable institutions must now ensure that certain provisions are expressly stated in their governing documents in order to be eligible for exemptions from state taxes and duties.

The Taxation Administration Act 2001 (Qld) (TAA) was amended on 30 October 2018 by the Revenue and Other Legislation Authority Amendment Bill 2018 (Qld), and the transition period for the transition to the legislated changes will end on 8 November 2020.

More details are available in an article on page 27 of the March 2019 edition of Proctor.

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