Tuesday 21 September 2004
4.00 p.m to 7.00 p.m
The Owen J Wordsworth Room, 12th Floor, S Block, QUT Gardens Point Campus, 2 George Street, Brisbane
Presenters:
Anna Das, Australian Taxation Office
Professor Myles McGregor-Lowndes, Centre of Philanthropy and Nonprofit Studies
Matthew Turnour, Neumann & Turnour
Mick Casey, Grant Thornton
This seminar explores tax compliance issues of School Building Funds.
Seminar Flyer (PDF 76kB)
For those unable to attend our seminars or events in person, streamed audio and video of these seminars as well as papers, PowerPoint presentations and notes are available by clicking on titles below.
Please note, the video for this seminar has not be recorded in segments, but recorded as one video file (total running time of 1hr, 33min and 41 sec). The table below outlines at what point in the video each segment starts and finishes.
| Title | Presenter | Video Running Time |
|---|---|---|
| ATO - What to expect in a School Building Fund Audit | Anna Das | 10:33 - 36:41 |
| Public Funding Issues | Professor Myles McGregor-Lowndes | 36.42 - 53.37 |
| Gift Fund Provisions | Professor Myles McGregor-Lowndes | 53:38 - 01:07:49 |
| Multi fund appeals | Matthew Turnour | 01:07:50 - 01:14:33 |
| Disbursement of funds | Matthew Turnour | 01:14:34 - 01:22:08 |
| Public library in a school | Mick Casey | 01:22:09 - 01:33:41 |
Additional Resources
The following resources are available on the ATO web page to assist in taxation compliance. http://www.ato.gov.au
- Non-Profit News Service No.0073 – Tax Office Review of School Building Funds
- ATO Tax Facts – School Building Funds and Tax Deductible Gifts
- TR 96/8 Income Tax: School and College Building Funds
- TR 95/27 Income Tax: Public Funds
- TR 2000/12 & Addendum: Income Tax: Deductible Gift Recipients – the gift fund requirement.
- TR 2000/10 Income Tax: Public libraries, public museums and public art galleries
- TD 2004/5 Income Tax: Is the parent responsible for payment of school fees assessable on a discount arising from a prepayment of the fees?
- TD 2004/6 Income Tax: Is a school’s tax exempt status disturbed if it permits prepayments of school fees or offers discounts for prepayments of fees?
- TD 2004/7 Income Tax: Can a prepayment of school fees be a deductible gift to a school building fund?
- TR IT 2071 Income Tax: School Building Funds
- Gift Pack
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