📜 Charitable Trusts Amendment Bill 2010
Assented toLCBill 14921 September 2010
This Bill amends the Charitable Trusts Act 1962 to allow trustees of certain trusts to make gifts to 'eligible recipients' (deductible gift recipients under Commonwealth tax law) even if those recipients are not strictly charitable at law.
Impact
Charitable trusts and deductible gift recipients are affected. This allows trusts more flexibility in their giving, potentially increasing donations to a wider range of organisations.
Key Changes
["Allows prescribed trusts to donate to deductible gift recipients, even if not charities at law.", "Introduces a declaration process for trusts without express powers to give to eligible recipients.", "Provides that such donations are considered valid and do not affect the trust's charitable status."]
Parliamentary Progress
- LC Second Reading MovedLC21 Sept 2010
- LC Second Reading AgreedLC22 Feb 2011
- LC Third ReadingLC22 Feb 2011
- LA IntroducedLA23 Feb 2011
- LA Second Reading MovedLA23 Feb 2011
- LA Second Reading AgreedLA14 Apr 2011
- LA Third ReadingLA14 Apr 2011
- Royal Assent2 May 2011
Affected Sectors
financepublic_sectorother
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