Law Council of Australia

Legal Practice Section

Building Community—deductible gift recipient status for community foundations

This submission to the Treasury in response to the exposure drafts of the Treasury Laws Amendment (Measures for Consultation) Bill 2023: New class of deductible gift recipients (the draft Bill) and the explanatory memorandum for the draft Bill, was prepared by the Charities and Not-for-profits Committee of the Law Council of Australia’s Legal Practice Section (the Committee).

The Committee welcomes the draft Bill to implement the budget measures for 2022–23 (announced in March 2022) and refined in the budget measures for 2023–24 (announced in March 2023). As outlined in this submission, in the Committee’s view there are some fundamental issues with the Bill as drafted, which will mean that it is unable to achieve its policy objectives. The Committee’s comments, as set out in this letter, are provided as matters for consideration to improve what is proposed in the draft Bill.

Last Updated on 20/07/2023

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