Introduction of statutory definition of charity deferred to 1 January 2014
The proposed introduction of a statutory definition of charity has been deferred for another six months.The Federal Government has announced, in the Federal Budget, a later start date for the 2011‑12 Budget measure Not‑for‑profit sector reforms — introducing a statutory definition of 'charity'.This measure will now take effect from 1 January 2014, rather than 1 July 2013 as originally announced.In April the Federal Government released the exposure draft legislation for a statutory definition of 'charity' in Australia preserving the common law definition of charity, including the presumption of public benefit for certain charitable purposes.The Budget Paper No.2 is available at http://www.budget.gov.au/2013-14/content/bp2/html/bp2_revenue-10.htm)
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