School Building Funds and Other DGRs under Scrutiny
November-December 2004
Laws introduced a few years ago have enabled Baldwins’ clients to establish funds with tax-deductible gift-recipient (“DGR”) status. These have included foundations or funds in support of schools and educational institutions, the arts, indigenous communities, scientific and cultural organisations, environmental organisations and libraries.
On 24/08/2004, the Australian Tax Office gave a special warning that as part of its 2004/2005 compliance activities, the operation of school building funds will be examined very closely.
For further information, contact Joe Lederman at BALDWINS, Australian Lawyers & Consultants.
Return to the Australian Tax Law Library.
