Australian Charities and Not-for-profits Commission Act 2012 (Cwth)

CHAPTER 2 - REGISTRATION OF NOT FOR PROFIT ENTITIES  

PART 2-1 - REGISTRATION  

Division 20 - Object of this Part  

SECTION 20-5   OBJECT OF THIS PART  
Tax concessions

20-5(1)    
This Part provides for the Commissioner to register entities as particular types and subtypes of not-for-profit entities. It also provides for the Commissioner to revoke the registration of registered entities.

20-5(2)    
Such registration is a prerequisite for an entity to access certain Commonwealth tax concessions. The object of this Part is to ensure that these tax concessions are available only to entities that are governed and regulated in accordance with this Act.

Other concessions

20-5(3)    
Registration under this Act may also be a prerequisite for other exemptions, benefits and concessions provided under other Australian laws.