4. Evidence of non-profit status

 

 

 

AUD E 1A

_ Australian Government
Australian Taxation Office

 

3 March 2017

Notice of endorsement for charity tax concessions

This endorsement notice has been issued to: ~

Name KATIE ROSE COTTAGE LTD.
Australian business number 27 615 291 293

KATIE ROSE COTTAGE LTD., a registered public benevolent institution, is endorsed to
access the following tax concessions from the dates shown:

Income tax exemption from 1 January 2017 under Subdivision 50-B of the Income Tax
Assessment Act 1997.

GST concessions from 1 January 2017 under Division 176 of A New Tax System (Goods and
Services Tax) Act 1999.

FBT exemption from 1 January 2017 under section 123C of the Fringe Benefits Tax Assessment
Act 1986.

As an endorsed public benevolent institution, benefits your organisation provides to its employees
are exempt from FBT where the total grossed-up value of certain fringe benefits for each
employee during the FBT year is $30,090 or less.

If the grossed-up value of benefits received by the employees of your organisation exceeds this
threshold, your organisation is liable for FBT on the excess amount.

Reportable fringe benefits

if the value of certain fringe benefits provided to your organisation's employees exceeds $2,000 in
an FBT year, your organisation is required to record the grossed-up taxable value of those
benefits on its employee’s payment summary for the corresponding income year. This requirement

applies even if your organisation is not liable to pay FBT.

Your organisation’s endorsement to access charity tax concessions, together with the date or
period of effect, is entered in the public register maintained by the Australian Business Registrar at
www.abr.business.gov.au

Your organisation must notify us in writing if it ceases to be entitled to endorsement.

Chris Jordan
Commissioner of Taxation
Registrar of the Australian Business Register

3 of 4

£00886-S00002-F130452