The Australian Taxation Office (ATO) has introduced a new reporting requirement for Not-For-Profits (NFPs). From 1 July, ABN registered non-charitable NFPs are required to lodge an annual NFP self-review return to confirm its income tax exemption status.
Motorsport Australia affiliated car clubs may be required to lodge a return with the ATO which would take around 10 minutes to complete.
Work out whether your car club is required to complete a NFP self-review return by getting more information here.
If you are unsure of your structure for tax purposes, please seek independent advice from your accountant.
A recorded information session on the topic can be viewed here.
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Motorsport Australia acknowledges Traditional Owners of Country throughout Australia and recognises the continuing connection to lands, waters and communities. We pay our respect to Aboriginal and Torres Strait Islander cultures and to Elders past and present.