The ATO has developed a new checklist to help NFPs hand over its tax affairs to a new administrator, see Handover checklist: not-for-profit administrators (QC 45475)

NFP organisations experience regular turnover of their administrators, for example treasurers, office bearers or employees involved in the tax administration of the organisation. The checklist aims to help NFPs provide key information about the organisation, along with other relevant documentation, to the new administrator. It covers the following topics:

  • registrations
  • legal structure
  • tax concessions
  • your workers
  • reporting and paying tax
  • record keeping handover.