Depending on the structure and activities of your NFP, the Australian Taxation Office (ATO) provides tax concession for NFP entities, from Income Tax Exemption to Fringe Benefits Tax Exemptions.
The ATO regulates NFPs to ensure their activities are consistent with their tax status. Your ability to achieve and maintain favourable tax concessions for your organisation and contributors will assist you in providing maximum benefit to the community.
Saward Dawson is equipped to help you at every stage when setting up a NFP. If you have any questions or wish for us to take care of the process for you, please contact us.
NFP Guide - Establishing an NFP entity