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.