Lodgment due date
If you have a standard tax year of 1 July to 30 June, the NFP self-review return must be lodged by 31 October each year.
For the 2023–24 income year we're providing NFPs with additional time, where required, to lodge the NFP self-review return up to 31 March 2025. You don't need to contact us to request this extra time. If you're ready, don't wait. Lodge your return now.
You don't need to lodge an NFP self-review return for income years prior to 2023–24.
Substituted accounting periods
Some NFPs operate on a substituted accounting period (SAP), which is an income year that is not the standard 30 June income year.
SAPs may be granted to NFPs where they can demonstrate that an ongoing event, industry practice, business driver or other ongoing circumstance makes 30 June an inappropriate or impractical balance date.
NFPs that don't have an ATO approved SAP need to lodge their NFP self-review return in the year ending 30 June.
If you don't have an ATO approved SAP
To have a SAP approved, an NFP needs to demonstrate a business need that makes 30 June inappropriate or impractical as a balance date.
In most situations, income tax exempt NFPs won't be required to have their financial reports prepared for the period ending 30 June to lodge their NFP self-review return. This is because the self-review return mainly requires consideration of the NFP's activities and its governing documents.
Your NFP board or committee can use the NFP self-review return question guide to conduct an early review of the NFP's income tax status during a normal meeting or out of session meeting. You don’t need to wait for the annual general meeting to approve and lodge the return.
Additionally, your NFP self-review return doesn't need to align with periods for other federal, state or territory and local reporting.
Example: sporting club operating on an income year ending 31 December
Mountain Meadows Athletics Club has always prepared its financial reports on a calendar year basis (ending 31 December) but it doesn't have an ATO approved SAP. Its governing documents state that it is established to promote the sport of competing in track and field events. Its main activities are running track and field events, and it also undertakes fundraising to support these activities. Its only purpose is to promote the sport of athletics. It also incurs minor expenditure when purchasing equipment from an international supplier.
The club doesn't need to apply for a SAP and can continue to prepare financial reports on a calendar year basis. It only needs to consider its purpose, and activities undertaken, in the year ending 30 June to lodge its NFP self-review return.
End of exampleIf your NFP determines it is taxable
NFPs that become aware they are taxable after self-reviewing their income tax eligibility must apply for an ATO approved SAP in order to lodge their income tax return.
However, if a taxable NFP is not eligible for an ATO approved SAP they will need to prepare financial reports for the period ending 30 June to calculate their taxable income and lodge their income tax return.
For more information see Additional Support.
If you have an ATO approved SAP
NFPs with an ATO approved SAP for income tax need to follow the SAP due dates to lodge their NFP self-review return.
SAP due dates for 2023–24 self-review return
We have provided NFPs with additional time, where required, to lodge the NFP self-review return without the need to contact us.
Table: SAP due dates for the 2023–24 income year
|
SAP code |
Approved balance date |
2023–24 NFP self-review return due date |
|---|---|---|
|
A |
31 Dec 2023 December balancer |
31 March 2025 |
|
B |
31 Jan 2024 January balancer |
31 March 2025 |
|
C |
29 Feb 2024 February balancer |
31 March 2025 |
|
D |
31 Mar 2024 March balancer |
31 March 2025 |
|
E |
30 Apr 2024 April balancer |
31 March 2025 |
|
F |
31 May 2024 May balancer |
31 March 2025 |
|
G |
31 July 2024 July balancer |
31 March 2025 |
|
H |
31 Aug 2024 August balancer |
31 March 2025 |
|
I |
30 Sep 2024 September balancer |
15 April 2025 |
|
J |
31 Oct 2024 October balancer |
15 May 2025 |
|
K |
30 Nov 2024 November balancer |
15 June 2025 |