Did something occur in 2009 to change the thinking or was it simply missed.
Did the fact that SEPP 15 could be regarded as altruistic in nature by helping members of the community with low incomes and the local government area by increasing population and by developing a wide range of communal living opportunities, influence the community at the time to a better understanding of Not for Profit service organisations?
is the issue today because the objects of Goolawah were not written to reflect the nature of what a SEPP 15 community represents?
Good history, but best to wait until the Tax ruling comes back before any decisions.
This should clarify whether or not Goolawah is a non-taxable NFP. Also, rather than many members calling the ATO it is best left with John as he has experience in dealing with the ATO at this level.
To clarify the point of the ATO and Not for Profit reporting. The treasurer’s report details where we are on this subject. The ATO has accepted that Goolawah is a non-taxable Not for Profit organisation for the 2023/24 year and directed that Goolawah is a Service organisation but because of the ATO website does not place Goolawah into one of these categories a letter asking for a Tax ruling has been submitted. We will have more detail when the ATO rules on the matter.
Nick and I are now authorised ATO contacts. I spoke to the ATO this morning:
– From 2000 to 2008 the Co-op notified the ATO return not necessary / non-lodgement advice.
– The Co-op stopped notifying the ATO from 2009 and therefore has overdue lodgements for every year since 2009.
– To rectify this issue the ATO advice is as follows:
Step 1. Set up access to Online services for business.
Step 2. Amend the submitted Not-for-Profit self-review return as the
Co-op does not fit the eligibility requirements under any category to be tax exempt (amendment can only be made Online).
Step 3. Submit overdue lodgements online, either NFP Company non-lodgement advice or tax returns. Include non-lodgement advice for 2023-2024. For assistance message Lodge and Pay online or call 131142.
– From 2025 submit the NFP self-review return, selecting Other (Taxable NFP).
– Taxable NFP companies have special arrangements for lodging tax returns and special rates of income tax. A NFP company with taxable income of:
$416 or less should lodge non-lodgement advice.
more than $416 must lodge a company tax return for that year.
Note: Income from levies and joining fees is non-assessable income.
Goolawah Co-op Members 
Did something occur in 2009 to change the thinking or was it simply missed.
Did the fact that SEPP 15 could be regarded as altruistic in nature by helping members of the community with low incomes and the local government area by increasing population and by developing a wide range of communal living opportunities, influence the community at the time to a better understanding of Not for Profit service organisations?
is the issue today because the objects of Goolawah were not written to reflect the nature of what a SEPP 15 community represents?
lots to talk about with the community.
Good history, but best to wait until the Tax ruling comes back before any decisions.
This should clarify whether or not Goolawah is a non-taxable NFP. Also, rather than many members calling the ATO it is best left with John as he has experience in dealing with the ATO at this level.
John told the Board that the ATO’s Private Ruling says we’re a taxable NFP, no need to contradict that and confuse things.
To clarify the point of the ATO and Not for Profit reporting. The treasurer’s report details where we are on this subject. The ATO has accepted that Goolawah is a non-taxable Not for Profit organisation for the 2023/24 year and directed that Goolawah is a Service organisation but because of the ATO website does not place Goolawah into one of these categories a letter asking for a Tax ruling has been submitted. We will have more detail when the ATO rules on the matter.
ATO Update
Nick and I are now authorised ATO contacts. I spoke to the ATO this morning:
– From 2000 to 2008 the Co-op notified the ATO return not necessary / non-lodgement advice.
– The Co-op stopped notifying the ATO from 2009 and therefore has overdue lodgements for every year since 2009.
– To rectify this issue the ATO advice is as follows:
Step 1. Set up access to Online services for business.
Step 2. Amend the submitted Not-for-Profit self-review return as the
Co-op does not fit the eligibility requirements under any category to be tax exempt (amendment can only be made Online).
Step 3. Submit overdue lodgements online, either NFP Company non-lodgement advice or tax returns. Include non-lodgement advice for 2023-2024. For assistance message Lodge and Pay online or call 131142.
– From 2025 submit the NFP self-review return, selecting Other (Taxable NFP).
– Taxable NFP companies have special arrangements for lodging tax returns and special rates of income tax. A NFP company with taxable income of:
Note: Income from levies and joining fees is non-assessable income.