When you apply to register your charity with the ACNC, you can also apply for charity tax concessions. We will send your application for tax concessions on to the ATO, who will decide your organisation's eligibility for tax concessions.
Benefits of registration
Access to charity tax concessions and other benefits
Registered charities can:
- apply for charity tax concessions as a charity (such as income tax exemption or goods and services tax concessions) from the ATO (your charity must be registered before you can apply for concessions).
- apply for additional tax benefits as a public benevolent institution (PBI), health promotion charity (HPC) or charity for the advancement of religion
- apply for certain categories of deductible gift recipient (DGR) status. Some categories of deductible gift recipient (DGR) status are only available to registered charities
- receive a range of other concessions, benefits or exemptions available to charities under Commonwealth law.
Publicly confirming registration by the national regulator
Registered charities can:
- display the Tick of Charity Registration on documents (such as letterhead, emails and a website) to demonstrate to the public and others your charity’s registration with us
- have a free online presence on the ACNC Charity Register where the public, potential donors and funding agencies can find out information about them
Additional benefits for some types of charities
Recipients of Commonwealth grants
For recipients of Commonwealth grants, (from 1 June 2013) your grant department is not able to ask you to provide the same information you have provided to the ACNC.
Also, if you provide an audited financial statement to the ACNC, then a financial acquittal should not be required, unless the granting activity is higher risk.
Charitable companies limited by guarantee
If your company limited by guarantee is registered with ASIC and also registered with the ACNC:
- you no longer have to pay ASIC filing fees, including the annual review fee
- reporting to the ACNC instead of ASIC (once ACNC financial reporting obligations start, from the 2013–2014 reporting period onwards) means more generous reporting size thresholds. The ACNC thresholds are based on revenue alone and disregard consideration of DGR status. For example, a charity with $245 000 in annual revenue and DGR status would be considered medium under the Corporations Act 2001 (Cth) (and would need to have an audit or review), but would be considered small under the ACNC Act (and would not require an audit or review, as they are exempt from providing financial reports)
- charities registered with the ACNC are not required to prepare a directors’ report. This may reduce the cost of an audit of a charity, as the auditor is no longer required to review the directors’ report to check for inconsistencies with the audited financial report.
Read more about charitable companies limited by guarantee.
Reducing the regulatory burden on charities
We work with other government agencies and stakeholders to reduce red tape for charities, including by aligning regulatory requirements for registered charities to streamline reporting requirements.
Read more about red tape reduction.